LONDON: The euro extended losses versus the Swiss franc on Friday with little sign of any intervention in the forward market from the Swiss National Bank, as deepening concerns about the euro zone debt crisis and losses in European shares fuelled demand for the franc.
Traders reported selling by macro funds, pushing the single currency down more than 2 per cent on the day to 1.1097 francs on trading platform EBS. The dollar also fell 2 per cent to 0.7795 francs after traders cited selling by a large European bank.
