The Swiss franc fell broadly on Wednesday after a Hungarian official said the country planned to sign a new standby agreement with the International Monetary Fund for 2011.

The euro EURCHF= rose around 50 pips to the day's high of 1.3265 francs, according to Reuters data, as the news prompted broad selling in the safe-haven Swiss currency.

The franc CHFHUF= also hit a session low against the Hungarian forint, trimming some gains from its recent rally against the Hungarian currency.

(Reporting by London Forex Team)

International Monetary Fund