The European currency started ticking down against its Swiss counterpart by about 8:05 pm ET Monday. The euro thus dropped from 1.5163 to a 13-day low of 1.5114 versus the franc by about 10:40 pm ET. This may be compared to Monday's New York session closing value of 1.5151. On the downside, the next likely support level for the pair is seen around the 1.506 level.

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