French Debt Worries Drive Franc Frenzy

The Swiss franc has become the go-to safe-haven currency in Europe as investors grow increasingly concerned about France's debt situation.

This concern is centered around next year's elections, which may lead to changes in economic policy and potentially unstable government spending.

As a result, investors are flocking to the Swiss franc as a way to hedge against potential losses from European risk. This has driven up the value of the currency versus the euro, making it its best week since April last year.