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Swiss Franc Slumps To More Than 2-month Low Against Euro

5/24/2012 9:28 AM ET

The Swiss franc edged sharply lower against the euro on Thursday morning in New York, hitting a fresh 2-month low of 1.2073 around 9:20 am ET. On the downside, the franc may find target around the 1.2085 level.

The franc also lost ground against the British sterling, falling to an 8-day low of low of 1.5059 around 9:25 am ET. If the franc weakens further, 1.5110 is seen as the next probable support level.

by RTT Staff Writer

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