Swiss Franc’s Pullback Likely Driven by Reduced Safe Haven Demand
Update: 2025-10-31
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**Summary:**The Swiss franc's recent weakening, despite speculations of central bank intervention, is primarily due to waning demand for safe-haven currencies. Meanwhile, Canada's Canadian dollar is looking up with the upcoming federal budget, which could positively impact the currency. The budget is expected to include increased spending on areas like military and housing, along with support for businesses affected by U.S. trade tensions. Traders are closely watching these developments, as they could significantly influence the future of these currencies.
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