Swiss franc falls on SNB warning shot; euro stays flat

London

THE Swiss franc fell to a 10-day low against a broadly flat euro on Thursday, after the head of the Swiss National Bank said it was "considerably over-valued" and that the SNB would continue to intervene in currency markets.

As talks between debt-laden Greece and its creditors ground on with no clear sign that a deal was on the table, the euro bounced around a little against the dollar in choppy trade, but stayed within its recent ranges. By 1150 GMT it was flat at US$1.1210.