1.   Lower Swiss rates hurt the franc by making deposits denominated in that currency less attractive.

2.   Renewed political concern involving French Finance Minister Jean Arthuis also hurt the franc.

3.   Signs it is trying to avert a national strike with costly concessions could hurt the franc again.

4.   The franc was also hurt by political uncertainty as the French presidential election neared.

5.   Chirac has vowed to cut the unemployment rate, which could hurt the franc if interest rates are lowered and the budget deficit is widened.

6.   The franc was also hurt by accusations made against Juppe in connection with property matters, analysts said.

7.   The franc was hurt by an INSEE institute report that French household morale fell to an all-time low in May, Thwaites said.

8.   The franc was hurt by French political uncertainties in connection with the spring presidential election and a telephone bugging scandal.