SNB Caps Franc as Dollar Takes Safe-Haven Crown

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Global markets have entered a phase of heightened volatility as Middle East tensions transition into direct and widening regional conflict. Initial safe-haven flows rushed into Swiss Franc, pushing the currency to decade-highs against Euro. However, the move proved short-lived after rare and explicit pushback from Swiss National Bank. In what traders quickly labeled a “verbal […]The post SNB Caps Franc as Dollar Takes Safe-Haven Crown appeared first on ActionForex.