Swiss franc unchanged as data supports dollar

The Swiss franc was unchanged against the dollar in early European trade on Monday, as the greenback was supported by upbeat economic data from the United States before the weekend. Improving data from the world's biggest economy boosted the US currency last week and reinforced expectations that the Federal Reserve would continue to raise interest rates.
The dollar changed hands at 1.2941/48 Swiss francs, compared with 1.2948/53 francs reached in late trading in Europe on Friday. The euro traded at 1.5592/02 francs, from 1.5593/98 francs.
On Friday, better-than-expected data for New York area manufacturing, national industrial production and consumer sentiment all helped confirm the view that the US economy is on a solid footing.
The producer and import price data is due to be released on Tuesday and is likely to confirm the lack of inflationary pressures in the Swiss economy despite interest rate levels remaining close to record lows.