The Swiss franc traded little changed against the euro and the dollar on Wednesday as markets braced for US jobless data and interest rate decisions from the European Central Bank and the Bank of England. Trading in the euro-franc was taking a "timeout", UBS analyst Reto Huenerwadel said, after intervention comments from Swiss central bankers sent the currency on a rollercoaster lately.
The franc was near flat against the euro compared to the New York close, trading at 1.4890 per euro. The franc was around 0.2 percent weaker against the dollar at 1.1450 per dollar. Investors were unlikely to take major risks ahead of the US labour market figures, with the US ADP employment report for January due later in the session.
The ECB and the Bank of England will decide on interest rates on Thursday. Analysts at Swiss Life Asset Management said in a note that the Swiss National Bank remained in the focus of interest for the foreign exchange market since the central bankers expressed their readiness to intervene if necessary to weaken the franc.
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