The Swiss franc pulled back from 10-week highs against the euro on Wednesday as traders waited to see if policymakers will take further action to contain eurozone debt concerns. The bounce in the euro came after three days of sustained losses, which on Tuesday saw the franc push through the 1.30 mark for the first time since September 16 to 1.2930 francs to the euro.
The franc was 0.3 percent lower against the euro compared to the New York close, trading at 1.3078 francs per euro at 0744 GMT. The franc was up 0.1 percent against the dollar at 1.0028 per dollar.
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