This increase in the value of the Swiss franc reached a record level, strengthening to 0.8082 USD/CHF against the dollar, likely to further complicate the task of the Swiss National Bank (SNB).

Credits: Unsplash; Author: Claudio Schwarz;

The movement was similar against the euro, the currency pair having hit a low of 0.9305 EUR/CHF at the beginning of the month, but still went off the low of 0.9234 EUR/CHF reached in April after the trade war launched by Washington.