TOKYO -- The Swiss franc has been at record strength against the euro and the yen even after an intervention by the Swiss central bank, shifting focus from the Japanese currency as a safe haven amid risks from rocky stock markets and lingering uncertainty about the global economy.
Currencies
Fresh off new highs, Swiss franc beats out yen as safe-haven asset
Stock market pullback and economic uncertainty drive risk-off demand
Even after a franc-selling intervention by the central bank, the Swiss franc has strengthened to become one of the only remaining safe-haven currencies. © Reuters
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