The Swiss franc weakened further against the euro on Friday, dropping for a fourth consecutive day to its lowest level since the country’s central bank removed its upper limit at the start of 2015.
The Swiss franc weakened 0.5 per cent against the euro to SFr1.1381, bringing its decline over the past four days to 2.8 per cent. It fell as low as SFr1.13634 during Asia trading.
One reason for the currency’s weakness is the strength of the euro as investors await further clues on the timing of withdrawal of stimulus measures by the European Central Bank.
The Swiss franc was also weaker against all of its G10 peers on Friday.