Colosseum a.s. (Colosseum a.s.)
Commodities  |  December 20, 2010 15:18:28

Swiss franc against the euro is the strongest in history

ColosseumEUR / CHF now falls by 0.8 percent to a record low value of 1.2679 CHF per 1 Euro. Since the beginning of the course of this currency pair has declined by almost 17 percent. Swiss franc appreciates mainly due to escape of investors into safe assets. The euro area is troubled with excessively big problem zadĺžených countries such as Greece, Ireland, Portugal and Spain. Rating agencies are considering the reduced rating them, which would even further undermine investor confidence. For the Swiss franc is also beneficial economic boom landscape, which is caused by growth of exports.

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