The Swiss franc was largely unchanged against the dollar and the euro on Thursday with trading set to be subdued given a US market holiday but key data eyed for Switzerland in the coming session, dealers said.
The dollar last traded at 1.3140/43 Swiss francs after 1.3153/55 in late trading in Europe on Wednesday, while the euro was at 1.5500/13 francs compared to 1.5505/10 the day before.
Market participants await Friday's release of the KOF leading indicator for the Swiss economy. The data is expected to point to a strengthening of the export-dependent economy and to support the view interest rates must also rise in Switzerland.
Economists expect the KOF leading indicator to rise to 0.85, according to the median of a Reuters poll. This compared to 0.81 in October. Estimates ranged from 0.80 to 0.88.
Comments
Comments are closed.