2014.07.2304:54:59UTC+00Swiss franc drops to 5-month low

The Swiss franc plunged to a five-month low versus the US dollar and close to two-year low against the British pound sterling after data showed Switzerland’s trade surplus sank to five-month low, reaching an 18-month peak in May.

The currency traded at 0.9016 US cents, higher than Monday’s 0.8980 US cents.

The trade surplus declined to $1.38 billion, previously $2.85 billion.

This month, the franc was 0.70 weaker until today to the euro’s 0.90% slip. It has been weakening since the end of June, making it the second worst performer among the eight most actively traded currencies.

The Swiss franc climbed to 1.2144 to the euro while it rose to 1.5387 to the sterling.