Franc record high against dollar

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LONDON: The Swiss franc rose to a record high against the dollar and rose one percent on the day against the euro on Wednesday with traders citing firm Swiss PMI and retail sales data and stop loss orders triggered.

Concerns about Greek debt problems also sparked demand for the safe-haven Swiss currency.

Traders said stop loss orders were triggered in euro/Swiss franc at 1.2185 francs and an options barrier in dollar/Swiss franc at 0.8450 francs, and the break of these levels helped accelerate gains for the Swiss currency.

The dollar fell one percent to hit a fresh record low of 0.8442 francs while the euro fell to a session low of 1.2160 francs, according to EBS data.