Swiss franc stays weak versus dollar after US data

The Swiss franc remained at weak levels against the dollar early on Wednesday after a sharp increase in US producer prices and strong foreign demand for US securities boosted the greenback in the previous session.
The jump in the US September PPI added fuel to expectations that the Federal Reserve will continue to raise interest rates, widening the differential with Europe and making it more attractive to hold dollar-denominated assets.
The dollar last traded at 1.3017/19 Swiss francs, roughly unchanged from 1.3027/30 francs in late trading in Europe on Tuesday. The euro stood at 1.5526/34 francs, down from 1.5551/55 francs on Tuesday.
Swiss money markets are increasingly discounting the Swiss National Bank may raise interest rates at its next meeting in December, as the economy is showing ever more signs of picking up and the SNB is also sounding more upbeat about the outlook.