The Swiss franc extended its longest monthly rally in 17 years after it became apparent on Thursday that there would be no U.S. House of Representatives vote over a deal following several hours of close-door meetings.
The franc touched 79.99 centimes per dollar, after reaching an all-time high the previous day. For the past year the lure of the franc has pushed up its value by 24% against the euro and 12% against the U.S. dollar.
With the euro under pressure amid the region's ongoing debt crisis, the franc looks to be a safe alternative for investors for some time.
The business lobby has entered the debt ceiling debate at the 11th hour with only a whimper, considering the stakes of a default for corporations.
