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The Swiss franc ticked up against the euro on Friday after Moody's cut Ireland's sovereign rating by two notches to Baa3 and left the outlook negative. The franc was up 0.05 percent against the euro compared to the New York close, trading at 1.2924 per euro. The franc was also buoyed by Thursday's news that the Swiss ZEW investor sentiment jumped by 22.3 points in April to 8.8 points, moving into positive territory for the first time since last August.
The franc was down against the dollar at 0.8933 per dollar, after nearing on Thursday the record high it hit on March 17 of 0.8852 according to EBS.

Copyright Reuters, 2011

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