Swiss franc down versus euro

The Swiss franc was lower against the euro on Friday as strong growth data from Germany bolstered optimism around the single currency and raised hopes the threat of a Eurozone debt crisis may have receded. The Swiss franc had, along with the dollar, run up strongly against the euro in the previous session when traders bid up both currencies, seen as safe havens.
The franc was 0.4 percent lower against the euro compared to the New York close, trading at 1.3521 per euro at 0739 GMT. The franc has recovered sharply from a two month low of 1.3925 earlier in the week. The franc traded 0.1 percent higher against the dollar at 1.0491 per dollar.