Swiss franc hits lowest since 2015; US$ gains ground

London

THE Swiss franc's fall to its weakest since the collapse of an official cap in 2015 dominated major currency markets on Thursday, and the dollar recovered from a fall to 2½ year lows.

The franc, held largely steady for the past two years between capital seeking the security of Switzerland and a campaign of official intervention against the currency, had already fallen almost 2 per cent this week.