The Swiss franc on Thursday inched off the previous day's all-time high against the euro, with the common currency winning temporary reprieve from traders seeking to capitalise on its big fall. The franc, which some analysts have termed 'the new Deutsche Mark', has risen more than 15 percent against the euro this year, slowing growth in Swiss exports.
The franc was down 0.3 percent against the euro compared to the New York close, trading at 1.2503 per euro. It rose as high as 1.2435 on Wednesday, its strongest ever against the euro, according to Reuters data. The franc was near flat against the dollar at 0.9513 per dollar.