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The Swiss franc strengthened against the dollar slightly ahead of key Swiss data early on Wednesday but held near two-month lows after US Fed officials suggested interest rates would keep rising.
US Federal Reserve policy makers stressed on Tuesday their duty to keep inflation in check after hurricane damage sent gasoline prices soaring, a clear signal they want to keep raising interest rates.
The dollar fell to 1.2932/35 Swiss francs from 1.2970/75 francs in late trading in Europe on Tuesday, while the euro stood at 1.5561/63 francs, below Tuesday's 1.5574/79.

Copyright Reuters, 2005

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