The Swiss franc soared to another record peak against the dollar on Tuesday as investors became increasingly doubtful about a breakthrough in US debt talks. Fiscal uncertainty in both the eurozone and the United States has fuelled demand for safe-haven assets, such as the franc, and this has pushed Switzerland's currency to one high after another against the euro and the dollar this year.
At 0715 GMT, the franc was 0.5 percent higher compared to the New York close, trading at 0.8016 per dollar, having earlier risen to an all-time high of 0.7997 per dollar on trading platform EBS. Against the euro, the franc was 0.5 percent weaker at 1.1638 per euro, pulling away from the peak hit earlier this month.