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The Swiss franc rose against the euro on Monday after rating agency Moody's downgraded Greece's sovereign debt but the single currency was seen supported by last week's hawkish signals from the European Central Bank. The franc was up 0.2 percent against the euro compared to the New York close, trading at 1.2922 per euro at 0812 GMT, reversing earlier weakness after the Moody's downgrade of Greece.
The franc was flat changed against the dollar at 0.9252 per dollar, off the record high of 0.9202 franc per dollar hit last week.

Copyright Reuters, 2011

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