European focus: The Swiss franc rose
The Swiss franc rose versus all its major peers as the central bank refrained from announcing any new steps to curb its gains, after intervening or referring to the currency’s strength on the first three Wednesdays of August.
The euro weakened versus 14 of its 16 major counterparts after a report showed euro-area unemployment held at 10 percent for a second month in July.
The pound weakened against the dollar and slid to within a penny of a three-week low versus the euro as a report showed U.K. consumer sentiment fell in August, adding to signs Britain’s economic recovery is faltering.
Sterling depreciated for a second day against the yen. An index of sentiment slipped 1 point to minus 31 from July, GfK NOP Ltd., a London-based research group said in an e-mailed report today. The median prediction of economists in a survey was for a drop to minus 33.