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Swiss franc hits 3-month high versus euro
The Swiss currency (the franc) experienced a significant rise at the beginning of the week, reaching its highest level against the euro in three months, supported by safe-haven inflows due to escalating concerns related to social protests in France and their financial repercussions. Analysts pointed out that these unrests are fueling increased anxiety over the outcome of upcoming elections in France and Italy, putting downward pressure on the euro, while other foreign currencies showed mixed performance amid varying market conditions.
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