(Bloomberg) -- The Swiss franc reached its best level versus the euro this month as falling stock markets prompted investors to reduce holdings of riskier assets.
The currency of Europe's eighth largest economy is set for only its second weekly gain in the past two months as investors reduce so-called carry trades, where they borrow in francs and buy higher yielding assets elsewhere. Currencies from the New Zealand dollar to the South African rand, carry-trade favorites, are set for weekly declines.
Read more at Bloomberg Currencies News
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