The Swiss franc hit a fresh one-month low against the euro on Friday after Swiss National Bank members said the threat of deflation is largely over and scotched ideas the SNB could raise interest rates any time soon. The decline added to the franc's large losses against the euro during Thursday's session, although it recouped some ground against the dollar after the previous day's slide.
The franc was slightly lower against the euro compared to the New York close, trading at 1.303 francs per euro at 0829 GMT having touched a high of 1.3055 francs per euro earlier in the session. The franc climbed 0.4 percent against the dollar at 0.9629 francs per dollar.