Swiss franc dips against euro

The Swiss franc dipped against the euro and the dollar on Friday but clung on to most of this weeks' gains made on the back of a equity market drop that lead investors to cut back on risky positions like carry trades.
Markets attention now turns to the Swiss National Bank's policy meeting next week where the central bank is widely expected to raise interest rates by 25 basis points.
The franc traded 0.1 percent lower against the euro at 1.6452 per euro, but still 0.5 percent higher than at the end of last week und well above the recent 8-1/2 year low of 1.6614. Against the dollar, the franc was also 0.24 percent lower on the day at 1.2271 per dollar.