Swiss franc little changed against dollar and euro

The Swiss franc was little changed in early trading on Tuesday with the focus on US data this week, which is expected to gauge the current health of the US economy, the world's business engine. The dollar traded at 1.2651/55 francs compared with levels around 1.2620 francs late on Monday in Europe. The euro was trading around 1.5344/49 francs from levels around 1.5330.
US July consumer confidence data is due later in the session, with durable goods figures due on Wednesday and gross domestic product data due on Friday.
Locally, the leading KOF indicator for July - due on Friday - is expected to underline the strength of the Swiss economy although point to a slowing pace as Switzerland rebounds from a double-dip recession.
The Swiss National Bank is expected to increase key interest rates this year in step with the recovery after an effective 25 basis point rate hike last month.