The Swiss franc eased against the dollar and euro on Friday amid continued unwinding of safe haven positions taken after last month's bomb attacks in Madrid and on expectations a global economic recovery is gaining pace.
The franc tends to appreciate during periods of financial market uncertainty as investors' appetites for risk diminishes and they look to park funds in the safe-haven currency.
The dollar was trading at 1.2640/45 francs compared with 1.2618/23 late on Thursday in Europe, while the euro gained slightly to 1.5612/16 compared with 1.5596/601.
The US labour report later on Friday will be closely watched for the foreign exchange market.
Hefty additions to US March conform payrolls could herald lasting gains for the dollar if investors become more confident of long-term economic growth prospects, analysts say.
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