(Bloomberg) -- The Swiss franc gained after central bank President Jean-Pierre Roth said its 2 percent drop this year versus the euro wasn't in line with the country's economic fundamentals.
Financial markets ``are currently only interested a little in the economic fundamentals of the Swiss economy and more in the interest-rate differential,'' Roth said in an interview after a meeting of the International Monetary Fund in Washington on April 14. The currency has slid as investors borrow francs to invest them in other higher-yielding currencies.
Read more at Bloomberg Currencies News
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