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The Swiss franc was broadly unchanged against the euro after falling from last week's four-year highs during the week. The Swissie has lost some of its safe haven attraction after the world's central bankers took action at the weekend to support troubled banks and increase liquidity.
Analysts said the Swiss government's bailout package for the country's major banks was having little effect and that forex traders were looking more to the equity markets for impulses. The franc ticked down against the euro early Friday owing to a share rebound in Asian markets, but the Swiss currency was later flat against the euro compared to the New York close, trading at 1.5294 francs per euro. The franc was also flat against the dollar at 1.1346 per dollar.

Copyright Reuters, 2008

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