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Swiss franc at strongest since 2015 on flight to safety

Reuters
·1-min read

LONDON, Oct 20 (Reuters) - The Swiss franc hit its strongest since 2015 against the euro on Friday, with the safe-haven currency benefitting from investor risk aversion due to the war in the Middle East, and broad weakness in the European common currency.

The euro dropped as much as 0.15% to 0.9419 francs, breaking past the low of 0.942 francs hit in September 2022.

It was last at this level in 2015, after the Swiss National Bank scrapped the franc's peg to the euro.

(Reporting by London markets team, editing by Amanda Cooper)