Swiss franc surge sparks bets on negative interest rates

Swiss franc surge sparks bets on negative interest rates The Swiss franc has soared to a decade high against the dollar as investors rush for shelter from the global trade turmoil, sparking bets that the country’s central bank will have to lower interest rates to zero or below to curb the currency’s rise. The currency, historically a financial market haven because of the Alpine country’s political and economic stability, reached near-record strength against the dollar this week, with the greenback sinking close to CHF0.80 for the first time since the franc’s shock appreciation in 2015. Deflation risk Yields on short-term...