Will The Swiss Franc Push The Euro Aside And Inherit The Mark’s Mantle?
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The euro’s misfortunes could make the Swiss franc Europe’s hard currency says Robert Sinche
The Swiss franc, rather than the euro, could emerge as inheritor of the German mark’s reserve currency status now that few investors have the confidence to take new positions in the single currency.
Attention currently centres on the plight of the euro against the dollar, the yen and sterling. But the euro’s less-noticed slide against the Swiss franc, which accelerated markedly this month, could be the most
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