The Swiss franc was steady against the dollar in early European trade on Friday as market players kept the currency in a narrow range ahead of economic data and events coming in September.
The dollar last traded at 1.2551/54 Swiss francs, virtually unchanged from 1.2554/56 francs in late trading in Europe on Thursday. The euro stood at 1.5455/62 francs from 1.5454/59 francs onThursday.
The dollar sagged broadly on Thursday as traders continued to lighten their bets on further strength in the currency, ahead of what is expected to be a risk-prone September.
A US jobs report next week and German federal elections mid-month promise to keep the exchange rates in a tight range, analysts said.
The Swiss National Bank will also hold its quarterly policy meeting in September to decide on the fate of domestic interest rates, currently targeted at 0.75 percent.
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