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Franc strengthens on Trump vote

National News // Nov. 14, 2016

The Swiss franc has been strengthening against the Euro today as nervous investors look for the safe haven after Donald Trump’s election victory.

Swissmint Franc strengthens on Trump vote

In early trading the franc was worth 1.06 against the Euro – but has since moved down to 1.07. Traders believe the Swiss National Bank may have intervened in the market to prevent the franc from strengthening further.

The strength of the franc has long been a concern for businesses as it makes exports more expensive. The currency is a favorite haven in uncertain times. 

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