Friday, January 25, 2013

Reuters: US Dollar Report: Euro hits one-week high vs franc after comments by SNB's Jordan

Reuters: US Dollar Report
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Euro hits one-week high vs franc after comments by SNB's Jordan
Jan 25th 2013, 17:25

NEW YORK | Fri Jan 25, 2013 12:25pm EST

NEW YORK Jan 25 (Reuters) - The euro touched a one-week high against the Swiss franc on Friday after Swiss National Bank chairman Thomas Jordan said he expects further weakness in the Swiss currency.

He also said the franc remained overvalued and did not rule out further monetary policy measures to ensure currency stability. {ID:nWEA008C4]

The euro rose to a one-week peak of 1.2493 francs after Jordan's comments.

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