Swiss franc dips versus euro

16 Jul, 2010

The Swiss franc dipped against the euro on Thursday, moving towards a two-week low hit in the previous session, as investors' hopes of a strong earnings season reduced risk aversion and steered them away from the safe haven franc. The single currency continued to gain on the greenback after hitting a two-month high the previous day after the US Federal Reserve's minutes of its last meeting showed policy makers were concerned the US recovery could be slowing.
The franc was lower against the euro compared to the New York close, trading at 1.3410 per euro at 0732 GMT. The franc touched an all-time high of 1.307 per euro on July 1.

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