The Swiss franc fell back against its key counterparts in New York deals on Wednesday.

The franc was trading at 1.0538 against the euro, 1.4312 against the pound, 124.42 against the yen and 0.9601 against the greenback, off early highs of 1.0459, 1.4222, 125.07 and 0.9551, respectively. The next possible downside target for the franc is seen around 1.10 against the euro, 1.45 against the pound, 120.00 against the yen and 1.00 against the greenback.

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