(Bloomberg) -- The Swiss franc fell to a record low against the euro after higher-than-expected inflation in the euro region spurred carry trades on perceptions the interest-rate differential between the two economies may widen.
The franc has lost 6 percent against the single currency in the past 12 months as investors bet interest rates in Switzerland will rise at a slower pace in the economy of 13 countries using the euro. The Japanese yen, another popular carry currency, also fell to a record low against the euro today.
Read more at Bloomberg Currencies News
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