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Swiss franc to retest peak vs euro
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ZURICH: The Swiss franc on Thursday was poised to retest the previous day's historic high against the euro, as uncertainty about the global economy continued to haunt investors and European stock markets were expected to ease.
The franc, which investors regard as a safe haven, has been rallying against the euro in recent weeks, as worries about a slowdown of economic recovery in the United States have been compounded by jitters about euro-zone banks.
The franc surged to an all-time high against the euro of 1.2763 on Wednesday, according to Reuters data.
The franc was up 0.2 per cent against the euro compared to the New York close, trading at 1.2737 per euro at 0631 GMT. The franc was flat against the dollar at 1.0114 per dollar. -Reuters
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