The Swiss franc retreated from its early highs against most major rivals in European deals on Thursday, after the Swiss National Bank President Thomas Jordan said that he cannot exclude the possibility of cutting rates into further negative territory.

Speaking to Swiss magazine Bilanz, Jordan asserted that the bank went relatively far with negative interest rates and is ready to intervene in the currency market.

"We went quite far to the negative interest. Now we monitor the situation closely. We exclude nothing," he told.

The franc slipped to a 2-day low of 1.1000 against the euro, off its early near 3-week high of 1.0950.

The franc eased to 1.4045 against the pound and 0.9710 against the greenback, coming off from its more than 9-month high of 1.3925 and near a 4-month high of 0.9661, respectively.

The franc may find support around 1.12 against the euro, 0.98 against the greenback and 1.42 against the pound.

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