The Swiss franc traded near flat against the euro on Wednesday as investors turned slightly more confident about moving into riskier assets on hopes the US was making progress on debt talks.
The franc surged to a fresh record high of 1.13650 francs per euro early on Monday, but it then eased after a report Germany plans to hit Swiss banks holding deposits from German tax dodgers buoyed the single currency. At 0720 GMT, the franc was trading near flat against the euro compared to the New York close trading at 1.1659 francs.
Against the dollar the franc was 0.1 percent firmer, trading at 0.8231 per dollar.