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The Swiss National Bank has repeated its pledge to intervene on the currency markets if needed after the Swizz franc briefly rose above parity with the euro, as investors sought safe-haven assets.
Reuters has the details:
“The Swiss franc is currently sought after as a refuge currency, along with the US dollar and the yen,” the central bank said in a statement.
“The Swiss franc continues to be highly valued,” it added. “The SNB remains prepared to intervene in the foreign exchange market if necessary.”
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