The Swiss franc continued to slide against the dollar in early trading on Friday and was softer against the euro as safe-haven positions taken in the wake of Madrid bombings earlier this month were unwound.
The dollar changed hands at 1.2810/15 francs compared with 1.2730/35 francs late on Thursday, while the euro traded at 1.5534/35 francs from 1.5509/14 francs.
The dollar was underpinned by the rise on Wall Street as security jitters, triggered in the wake of the Madrid bombings, were put aside. The franc tends to appreciate during periods of geopolitical uncertainty.
Comments by European Central Bank officials on Wednesday triggered speculation that the ECB could cut interest rates, which pushed the euro one percent lower against the dollar, also impacting the Swiss franc.
The franc remains relatively strong against the euro. The euro was trading around 1.58 francs two weeks ago - prior to the bombings in Madrid.
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