The Swiss franc pressed closer to all-time highs against the euro in early trading on Wednesday as the single currency came under renewed pressure over continuing eurozone sovereign debt concerns. The franc lost ground against the dollar as the greenback rose against other major currencies after upbeat US economic data sent US Treasury yields higher.
The euro fell against major currencies after credit rating agency Moody's said it may downgrade Spain's debt. The franc traded 0.2 percent higher against the euro compared to the New York close, trading at 1.2815 per euro. The franc was 0.4 percent lower against the dollar at 0.9623 per dollar.
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