(Bloomberg) -- The Swiss franc gained for a second day as a drop in European stock markets discouraged purchases of riskier assets funded by currencies with low interest rates.
The franc fell 1.8 percent to a record low versus the euro in the past month as investors used it to fund so-called carry trades. The currency rebounded April 16 after central bank President Jean-Pierre Roth said its drop didn't reflect the strength of Switzerland's economy.
Read more at Bloomberg Currencies News
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