Banking giant UBS said on Friday it could charge clients a fee on deposits in a bid to discourage them from using some accounts to hoard the safe haven currency during financial market volatility.

The euro was last up 1.1 percent at 1.1820 francs on trading platform EBS. The dollar also rose in thin trade, last up 0.9 percent at 0.8133 francs .

Copyright Reuters, 2011