The Swiss franc continued its downward slide versus the euro and the dollar on Friday as investors used the moment of relief offered by Greece's approval of austerity legislation to take profits. The franc fell to session lows against both the euro and the dollar during the Greek parliamentary vote on Thursday, moving further away from recent record highs against both currencies.
"It is maybe a bit early to speak of a reversal of the trend given that all hurdles in the Greek debt crisis are not cleared yet," analysts at Commerzbank said in a note, adding that any new sign of weakness in US economic data could again drive up the franc. The franc fell 0.5 percent against the euro to trade at 1.2254 by 0651 GMT compared to the New York close. The franc was down 0.3 percent against the dollar, trading at 0.8426.