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March 29, 2023
BUSINESS

Euro dropped on Greek crisis, meanwhile Swiss Franc gained

Stocks fell, yesterday, all over the Globe to a three month low, The Wall Street Journal informs. At the same time, the euro weakened due to Greek debt crisis and European government default risk raised to a record on concern the region’s debt situation is getting worse. Nevertheless, the Swiss franc has risen, while commodities dropped.The euro declined for the second day versus the dollar, with one-month implied volatility on options for the euro-dollar rate climbing to the highest since December. Moreover, the euro slipped 0.9 percent against the yen. The franc strengthened to a record 1.19567 against the euro, appreciating to less than 1.20 for the first time, even as the Swiss National

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