Forex Market Update

The euro fell to another 11-year low against the dollar Friday, a day after the Swiss National Bank’s surprise decision to eliminate its exchange-rate cap removed a source of support for the shared currency.

The euro EURUSD, +0.00%  briefly traded under $1.15, its lowest level against the buck since 2003. The euro was last at $1.1567 to the dollar late Friday, down 0.57% on the day and 2.3% on the week.

The euro EURCHF, +0.00% tumbled to 1.0068 to the franc, from a high of 1.0252 franc earlier in the session. The shared currency is down about 21% against the swiss franc for the week — the largest one-week decline since 2006.

The dollar USDCHF, +0.00%  bought 0.8587 Swiss franc, up from 0.8391 Thursday evening. For the week, however, the dollar lost 15.34% relative to the Swiss currency — also the largest weekly decline since 2006.

The ICE U.S. dollar index DXY, +0.54%  a measure of the greenback against a basket of six-rival currencies rose 0.82% to 93.1320 and up 1.3% for the week.