EUR/CHF falls to 0.9578 EBS low as French political crisis weighs on euro

0.9578 is lowest level since April 19 (0.9565 was EBS low that day)

10-year French vs German bond spread balloons to 77 bps, highest since 2017

Far-right RN plots path to power; leftwing parties form "Popular Front"

Swiss franc is safe-haven (0.9930 was EUR/CHF 13-month EBS high on May 27)

Franc gains since May 27 raise probability of another SNB rate cut next week