Euro extends losses vs Swiss franc

NEW YORK: The euro extended declines against the Swiss franc on Wednesday as investors expressed disappointment with measures announced by the Swiss government to support the economy while they say the Swiss franc is overvalued.

The euro fell to 1.1440 Swiss francs on electronic trading platform EBS from the 1.1464 francs it traded at before a government press conference began. It was still off the record low of 1.0075 francs touched on August 9.

The dollar was last at 0.7921 francs on EBS compared with 0.7926 francs before the press conference began.. The dollar's record low of 0.70676 francs also was reached on August 9.

Copyright Reuters, 2011