The safe haven Swiss franc and the yen soared against the dollar and euro on Monday after the US debt rating downgrade and on fears the eurozone debt crisis could spread, despite efforts to contain it. The euro last traded at $1.4216, near a session low of $1.41291 on trading platform EBS.
Traders see the next downside target around Friday's low at $1.4055. Support is seen around $1.4030, the euro/dollar's 200-week moving average. The euro fell 1.5 percent against the safe-haven Swiss franc, near a record low. It also lost 1.6 percent versus the yen. The dollar fell 0.9 percent to 77.66 yen, having slipped to around 77.45 on EBS. It was down 1.1 percent at 0.7588 Swiss francs, in sight of a record low around 0.7480 plumbed earlier in the day.