On Tuesday, September 3, the Swiss Franc reached its two-year maximum against the European Common Currency. The EUR/CHF currency pair surpassed the psychological level at 1.0900.
The reason for the advance is an upcoming release of a new 100 Franc note. The Swiss National Bank has been trying to control strength of the Swiss Franc to boost the economy. However, the release has already raised the value of the Swiss national currency as for the safe-haven asset.
The Swiss central bank is expected to announce its monetary policy updates on September 19. According to analysts, the SNB could ease its ultra-loose policy by cutting the interest rate. Note that it has already been negative 0.75%.