The euro drifted lower on Thursday as weak European data and a lacklustre Italian bond auction heightened worries about the eurozone sovereign crisis. Deadlocked US debt ceiling talks, however, looked set to limit euro losses against the dollar. In midday New York trading, the euro was down 0.4 percent at $1.43020, with traders saying losses accelerated after stop-loss orders were triggered from $1.43200 down to $1.42800.
The Swiss franc also rose to a record high against the dollar of 0.79900 franc on trading platform EBS as investors unnerved by debt crises on both sides of the Atlantic scrambled for safe haven assets. The dollar, however, rallied to trade at 0.80410, up 0.4 percent. The euro fell 0.1 percent to 1.15020 Swiss francs, bringing it closer to a record low of 1.13650 francs hit around in mid-July.
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