The safe-haven Swiss franc and the yen held on to gains today while the U.S. dollar also held firm against riskier currencies after global stock pricestumbled. The Swiss franc climbed to 0.94395 per dollar, having hit a three-month high of 0.9376 on Thursday. The franc has recovered its lost ground against the euro over the past two weeks to trade at 1.0665 to the euro, Reuters reports. The yen also gained to 106.79 yen per dollar. It hit a one-month high of 106.58 on Thursday, having gained by 3.1 percent from a 2-1/2-month low hit just a week ago.

Source: The Standard June 12, 2020 01:50 UTC