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Swiss franc edges down vs euro, dlr after SNB decision

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  1. LONDON, Sept 14 (Reuters) - The Swiss franc edged down against the euro and the U.S. dollar on Thursday, after Switzerland's central bank said the Swiss currency was highly overvalued and the situation in the currency markets remained fragile.

    While it kept its ultra-easy policy stance unchanged, as expected by the broader markets, some expected Switzerland's central bank to moderate its language on the currency especially after the euro has gained 7 percent against the franc this year EURCHF= .

    At 0737 GMT, the franc was trading 0.07 percent weaker against the dollar CHF= at 96.35 cents. Against the single currency, it edged 0.03 percent lower to 1.1458 francs per euro.

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