The Swiss franc lost ground against the euro on Monday as previously wary investors bought back into the single currency after euro zone finance ministers agreed a rescue package for Greece. Swiss franc trading would be determined by risk appetite related to Greece and data releases in the United States and the euro zone in coming days, said analysts at Credit Suisse.
The franc hit an all-time high of around 1.4150 francs to the euro on April 1, but later pulled back to above 1.43 on talk of Swiss National Bank intervention and hovered around that level before easing on Monday. The franc was lower against the euro compared to Friday's New York close of 1.4384 per euro, trading at 1.4446 per euro. The franc was higher against the dollar at 1.059 dollar compared with Friday's New York close of 1.0651.