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Swiss franc hits a 16-month low as the Fed hikes and the SNB holds at 0%, widening the U.S. rate gap and lifting USD/CHF to 0.8358.
French sovereign risk surges as the OAT-Bund spread breaks 140bp and EUR/CHF slides, highlighting a widening divide between France and Germany.
Germany, France and Italy fall around 0.8%, while the Nasdaq leads U.S. gains. Treasury yields are mixed and the dollar trades unevenly.