The Swiss franc slipped against the dollar Thursday as concerns over weak equities markets weighed on trading, although analysts said SNB threats of intervention to weaken the franc had lost their bite. The franc fell 0.18 percent against the dollar compared to the New York close, trading at 1.1094 francs per euro. The franc ticked down 0.04 percent against the euro at 1.506 francs per euro.
"We've been trading in a range for a long time now, with moves in dollar-swissie driven by equities markets. When these came under pressure yesterday, the dollar began to rise," said Basler Kantonalbank analyst Raffaello Taccetti. "The franc-euro is trapped in a very tight range of 1.50-1.525," he added.
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