Swiss Franc Hits Highest Against Euro Since SNB Axed Cap in 2015.

The Swiss franc has reached its highest level against the euro since 2015, when the Swiss National Bank (SNB) removed its currency cap. This increase in value is due to a change in interest-rate expectations, with investors believing that the European Central Bank (ECB) will cut rates sooner than the SNB. The ECB may begin easing policy as early as the first quarter of next year, while the SNB is expected to cut rates in June. This development reflects a shift in global financial markets and could have implications for central banks worldwide. [Extracted from the article]