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Foreign exchange – franc weakens against dollar and euro News

Monday, September 11th, 2017 | Economy

At the beginning of the week, the euro could hold just above the 1.20 US dollar mark. On Monday mornings the common currency costs 1,2013 dollars, which is slightly less than on Friday evening.
The franc, on the other hand, is weaker against both the euro and the US dollar. The euro is currently standing at 1.1411 CHF after 1.1371 CHF on Friday evening. The US dollar is trading at 0.9498 CHF, compared to 0.9447 CHF at the weekend.
This is mainly due to the US dollar, which is gaining ground against many important currencies. In addition to the Swiss franc, the Japanese yen also reacted against the US currency. Yen and Francs are considered "safe havens" among investors in uncertain times. Traders said that North Korea did not carry out a further rocket test against some fears this weekend.
(AWP)

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