The Swiss hovered near the previous session's 19-month low against the dollar on Friday, after ratings agency Moody's cut Italy's credit rating, raising the prospect of further turmoil in euro zone markets. Since the Swiss National Bank set a cap of 1.20 per euro last September, the franc has largely traded in tandem with the euro.
The franc was flat against the dollar to trade at 0.9845 by 0641 GMT compared to the New York close. The franc was also flat against the euro at 1.2008.