President of the Swiss National Bank Philipp Hildebrand, today said the central bank is ready to take measures as a way to hold back the franc from rising heavily after it climbed to a 10-year high versus the euro. So far this year, the franc rose 3.4% while the central bank is doing their best to avoid the franc from appreciating.

After the comments, we saw the franc tumble against the euro as the pair as of 09:15 GMT is traded at 1.4344 while marking a high of 1.4371 and recording a low of 1.4345 so far.