The Swiss franc traded flat against the euro and slightly down against the dollar on Friday, with the looming threat of central bank intervention to weaken the franc balanced by buying from Eastern Europe. The franc was little changed against the euro compared to the New York close, trading at 1.5146 francs per euro. The franc slipped 0.1 percent against the against the dollar to 1.0639 per dollar.
"We see ongoing demand from Eastern Europe sustaining the Swiss franc at these levels against the euro," said Lutz Karpowitz, a forex analyst at Commerzbank. "On the upside, the SNB may be ready to intervene well before franc reaches 1.50 level," Karpowitz said.
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