The Swiss franc was little changed against the dollar in trading on Tuesday although softer against the euro even though eurozone finance ministers expressed concerns about the strength of the euro.
The dollar idled at 1.2685/90 francs versus 1.2681/87 late on Monday.
The euro edged up to 1.5713/17 francs from 1.5693/5700 on Monday, near its highest level in over two months.
On Monday the ministers issued a joint statement before the Group of Seven countries meet on February 6-7, saying the euro zone was sticking to the position that the single currency should trade in line with economic fundamentals.
The ministers stressed their discontent about the pace of euro gains, which they fear risks chocking exports and stunting economic recovery.
However, for Switzerland, which is recovering from a double-dip recession, the softer franc against the euro helps the country's exporters. The euro zone is Switzerland's main export market.
Comments
Comments are closed.