Swiss franc falls versus dollar

05 May, 2011

The Swiss franc pulled off a record high against the dollar on Wednesday, as the greenback clawed back ground against major currencies after a recent slide. The franc, which investors buy in times of heightened uncertainty, has risen some 20 percent against the dollar over the past 12 months.
The franc jumped to a record high of 0.8595 francs on trading platform EBS against the dollar during the previous session but then weakened slightly as investors booked profits. The franc was largely flat against the dollar from Tuesday's close, trading at 0.8621 francs per dollar at 0755 GMT.

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