The Swiss franc was marginally stronger against the euro in early trade on Thursday after the Swiss National Bank said the weak franc was at odds with the country's healthy economy.
"My current thinking on the franc, which is going against the fundamental elements in the Swiss economy (is that) this is part of the exuberance in the financial markets," SNB Chairman Jean-Pierre Roth said at the World Economic Forum.
The franc, traditionally strong in times of financial uncertainty because of Switzerland's stable economy, has lost ground against the euro and the dollar, touching fresh 8-year lows at around 1.6229 per euro earlier on Wednesday.
On Thursday, the franc traded 0.1 percent higher at 1.6166 per francs per euro. Against the dollar the Swiss currency was virtually unchanged on the day at 1.2473 per dollar.
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