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Swiss Franc climbs to record highs

03.08.11 @ 09:09

  1. By Lisbeth Kirk
  2. Lisbeth email

The Swiss franc reached on Tuesday an all-time high against the euro as surging bond yields in Italy and Spain pushed the demand for safer assets outside the euro-zone. This has widespread effects. In Austria, Poland and Hungary mortgages are often listed in Swiss francs.

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