Swiss franc ticks down

The Swiss franc traded slightly lower versus the euro and the dollar on Thursday after the US Federal Reserve said it would continue to support the economic recovery, thus encouraging investors to opt for riskier assets. The Swiss franc, considered as a safe-haven currency, had risen strongly over the past year as investors worried about the stability of the European single currency weakened by a debt crisis in the eurozone.
The Swissie was down 0.1 percent against the euro compared to the New York close at 1.2928 per euro and fell 0.2 percent against the dollar at 0.9435 per dollar at 0748 GMT.