The Swiss franc slipped off the previous day's all-time high against the euro on Wednesday, as investors' worries about the global economy eased a bit following encouraging US and Australian economic data. Against the greenback the Swissie, which investors regard as a safe haven, eased off the previous session's near eight-month high.
But analysts said the franc would likely appreciate further in days ahead, as long as the Swiss National Bank, which in June dropped its pledge to intervene in foreign exchange markets, remained on the sidelines. The franc fell 0.4 percent against the euro compared to the New York close, trading at 1.2930 per euro at 0640 GMT. It hit a fresh all-time high of 1.2848 against the euro on Tuesday. The franc was down 0.2 against the dollar at 1.0164 per dollar. The franc rose more than 10 percent against the euro in the first six months of the year, supported by strong Swiss fundamentals.
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