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The Swiss franc firmed on the dollar on Wednesday as the greenback suffered from a surprisingly weak reading on US consumer sentiment, which was seen as letting the Federal Reserve hold US interest rates low.
The dollar eased to 1.2403/08 francs from 1.2424/29 late on Tuesday in Europe, while the euro idled at 1.5750/54 francs versus 1.5743/48.
Dealers said the market was now looking ahead to US existing home sales data for January, due out at 1500 GMT, for fresh clues, but also said the data typically had a fairly minor impact on the dollar.
The surprise sacking by Russian President Vladimir Putin of his government ahead of next month's presidential election gave the franc some support in a knee-jerk bout of safe-haven buying over what could spark political unrest, dealers said.

Copyright Reuters, 2004

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