Swiss Franc Soars And Much Of Asia Sags As Oil Keeps Spilling Over The Currency Markets
The safe-haven Swiss franc is moving up - again - but Asian currencies are broadly lower over worries about oil prices and supply. Your daily FX Fix, right here.
The Swiss franc traded at record levels as investors sought refuge from the chaos in the Middle East. [CNBC]
Meanwhile, many Asian currencies traded lower as traders worried about the impact of high oil prices on economic growth. [India Infoline]
The dollar traded lower, especially against the Swiss franc, over worries about - wait for it - oil. [imarketnews.com]
In China, the yuan slipped over worries about oil supplies, but some traders think the People's Bank of China may let it rise again soon as domestic inflation remains problematic.
Indonesia is going to let the rupiah rise to combat inflation. [CNBC]
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