The Swiss franc slipped against the dollar in early European trade on Monday as US economic data on Friday eased concerns the world's business engine might be stalling.
The dollar rose to 1.2833/37 francs, compared with 1.2800/05 late in European trading late on Friday. The euro last changed hands at 1.5397/03 francs, compared to around 1.5410.
GDP data showed the US economy grew at annualised rate of 2.8 percent in the second quarter, in line with forecasts. The final University of Michigan consumer sentiment number for August came in at 95.9, higher than the 94.0 forecast.
Locally, August data on consumer prices and from purchasing managers on Wednesday will be watched for pointers on what the Swiss National Bank will do at its quarterly policy setting meeting in September.
The SNB is expected to gradually increase interest rates as the Swiss economy recovers from a double-dip recession.
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