The Swiss franc continues to strengthen as a safe-haven currency. On Tuesday, one euro was worth just 0.9165 francs, while one U.S. dollar traded at only 0.7600 francs.
The euro also strengthened significantly against the U.S. dollar by late afternoon and is currently trading at 1.1963 dollars.
The recent acceleration in the dollar’s decline was driven by new economic data from the United States: according to these figures, U.S. consumer confidence has fallen to its lowest level since 2014. Private consumption is of crucial importance to the U.S. economy.
At the same time, the euro has clearly lost ground against the Swiss franc and—setting aside the turbulence of 2015—has now reached a new low of 0.9165 francs.
