NEW YORK (MarketWatch) -- The euro turned down against the U.S. dollar and jumped versus the Swiss franc Tuesday, which analysts attributed to talk that the Swiss National Bank might change its near-peg for the Swiss franc against the euro. "Talk of the Swiss National Bank re-pegging euro-franc to 1.25 from 1.20 [francs] has sent the currency pair up 80 pips in a heartbeat," said Kathy Lien, director of currency research for GFT. The SNB declined to comment on the rumors, according to Dow Jones Newswires. The euro EURCHF +0.79% rose from right around the 1.20 franc peg to as high as 1.2213 francs, before settling back to 1.2160 francs, up about 0.8% on the day. Against the dollar, the euro EURUSD +0.03% turned down to $1.3673 from $1.3685 in late-afternoon North American trading on Monday. The dollar index DXY -0.17% , which tracks the U.S. unit against a trade-weighted basket of six currencies, turned up to 77.184 versus 77.089 Monday.
