Early trade in New York: Euro falls to new low

The euro fell to a record low against the Swiss franc on Monday as worries over policymakers' attempts to handle the Greek debt crisis prompted a flight to the relative safety of the franc. The euro fell to as low as 1.2004 Swiss francs on trading platform EBS. Traders said stop-loss orders were triggered after it fell through 1.2050, and system-related selling pushed it toward 1.2000 francs in thin liquidity.
The euro had slumped against the dollar before central bank demand helped it reverse. It was last trading up 0.2 percent at $1.4373, almost where it began the New York session, with the session peak at $1.4404. The dollar was last down 0.7 percent against the franc at 0.8372.