Swiss franc climbs to highest since Jan. 2015 against euro

Markets

Christian Baha / JG

7 December

1 min read

EPA-EFE/MELANIE DUCHENE

The Swiss franc climbed on Thursday to its highest level since January 2015 against the euro, rising to 1.06343.

The move comes amid changing expectations on interest rates in Europe, possibly indicating that the European Central Bank will cut rates before its Swiss counterpart. Recently, economists at UBS Group AG said in a report to clients that they foresee a first interest rate cut by the Swiss National Bank in June next year.

After reaching its highest level of the day, the Swiss franc was flat against the euro to trade at 1.06135 at 12:49 pm CET.

euro currencies swiss franc

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