Swiss Franc near its limits

Source: Bloomberg
The Swiss Franc edged up against the shared currency, reaching twenty-one month high. The demand for the safe haven currency, which was boosted by Mario Draghi's speech at Jackson Hole Symposium and the conflict between Ukraine and Russia, pushed the Swiss Franc to its limits, namely the 1.20 cap. The Swiss National Bank expressed intentions to defend the cap, by possibly introducing negative interest rates. The Swiss Franc advanced by 0.8% to €1.2060 yesterday.
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