US dollar falls below Swiss franc for first time

The US dollar fell below the Swiss franc for the first time ever Friday. The dollar briefly dipped to 0.9986 francs in international trading before rising above parity again. The US currency's decline against the franc mirrors its fall against the euro. The 15-nation euro reached a new record of $1.5651 Friday on news of financial woes at US Bank Bear Stearns Cos.