Monetary policy was in sharp focus on foreign exchange markets across the globe in trading late Thursday and early Friday after central bank leaders in Europe, the U.S and Korea all expressed concern on forex volatility.
Following a European Central Bank policy meeting, ECB President Jean-Claude Trichet said US support for a strong dollar was important and excessive foreign exchange moves were unwelcome, although his comments were perhaps less forceful than expected.
The franc slid as much as half a percent against the dollar compared to the New York close, trading at 1.0309 francs per dollar. The franc was slightly down on the euro at 1.5185 per euro.
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