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Again, Swiss Franc Dominates the Market
In last week's trading, the Swiss franc continued to outperform most major and minor currencies, topping the foreign exchange market for the second consecutive week, amid accelerated purchases of the Swiss currency thanks to the Swiss National Bank's policies. The Swiss central bank has once again shifted towards a policy of supporting the local currency due to accelerating inflation in the United States, the United Kingdom, and Europe recently, coinciding with the excessive weakness of the franc in the foreign exchange market. The Swiss National Bank expressed concern over global inflation developments and the ... (full story)