The rush to the Swiss franc has started. Reached parity with the euro

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Tensions linked to Russia’s invasion of Ukraine pushed the Swiss franc, a traditional safe-haven asset, further up, which in the exchange rate against the euro reached a flat 1 to 1. This had not happened since the beginning of 2015, when the Swiss currency briefly touched these levels, after the Swiss National Bank abandoned the 1.20 franc exchange rate threshold with the euro. In the following years the action of the latter, based on large purchases of foreign currencies …