The Swiss franc fell sharply against the euro for a second session on Friday a day after the Swiss National Bank said it may peg the franc to halt its rally, though analysts said such a move was unlikely for now. The yen hovered near a record high versus the dollar, trading in a tight range as markets remained on alert for the possibility of intervention by Japanese officials.
The euro rose 1 percent to 1.0967 Swiss francs, rebounding further from a record low of 1.0075 set on trading platform EBS on Tuesday. Despite the latest move, the euro is still down 12 percent so far on the year. The dollar rose 1 percent to 0.7701 franc, but was 17 percent lower on the year. The dollar fell 0.1 percent to 76.77 yen, not far from an all-time low of 76.25 set on EBS in mid-March.
Comments
Comments are closed for this article.