Euro hits lifetime low vs Swiss franc

LONDON, June 4 (BestGrowthStock) – The euro hit a lifetime low
against the Swiss franc on Friday as traders cited an absence of
Swiss central bank efforts to stem strength in its domestic
currency.

The euro (EURCHF=: ) fell as low as 1.3865 francs (EURCHF=: )
according to electronic trading platform EBS, its weakest since
the single currency’s launch in 1999.

“The SNB was expected to be on the bid at 1.4000 but wasn’t,” a trader in London said.

The sudden fall in the euro pushed the single currency down
against the dollar to $1.2090 (EUR=: ), according to Reuters data,
its weakest in more than four years.

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(Reporting by London Forex Team)

Euro hits lifetime low vs Swiss franc