ECB support limits Swiss franc gains against euro, says Rabobank

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The European Central Bank's hawkish stance has supported the euro and limited the Swiss franc's gains, according to Rabobank Senior FX Strategist Jane Foley. She noted that the Swiss National Bank has intervened to counter safe haven inflows into the franc since the Iran war. The ECB's policy posture has helped underpin the euro against the franc during this period.

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