The Swiss franc has fallen sharply against the euro, hitting its lowest level since mid-January when the Swiss National Bank (SNB) stunned global markets by removing the cap against Europe’s single currency.<br /><br /> For the first time since then, the euro has broken above 1.1 against the franc.<br /><br /> The SNB’s shock move on January 15 caused havoc as the Swiss suddenly allowed their currency to climb, while the euro nosedived.<br /><br /> During the more recent market turbulence the expectation was that the franc would be supported.<br /><br /> Instead strategists believe the franc has remained weak because the Swiss have been moving their money out of the country and investing it elsewhere as poor deposit rates take a bite out of their savings.<br /><br /> The SNB is due to meet in the next few days to review monetary policy.
