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The Swiss franc fell versus nine of its 16 peers, finding itself 0.8 per cent down against the dollar at 93.04 centimes, reports Bloomberg.
It gained 0.1 per cent on the euro at 1.2347. Despite plans from European leaders to stop contagion of the debt crisis and save the troubled single currency, confidence in the market has been falling amid feelings they did not go far enough.
"It's not just a risk aversion story today, it's also about US economic strength versus European economic weakness," Michael Derks, market strategist at FXPro Financial Services, told the news provider.
The rescue package negotiated by leaders in the eurozone saw the euro make some gains against the dollar last week, with Reuters reporting a 0.6 per cent growth against the dollar to $1.3417. However, it appears that uncertainty surrounding the measures has weakened the single currency again.
Posted by Clive Arneill
