The Swiss franc was slightly stronger against the dollar in early trade on Wednesday as traders clear their long positions in the US currency ahead of a holiday in the world's biggest economy.
The franc was trading 0.15 percent higher on the day at 1.2387 per dollar, while it was virtually flat against the euro, at 1.593 per euro after rising steadily from a 6-1/2 year low of 1.6013 hit last week. On Tuesday, data showed Swiss exports jumping to a record high in October, supported by the weaker franc, while input price inflation proved to be stickier than expected, dropping by less than expected despite lower oil prices.
The figures bolstered expectations that the Swiss National Bank will continue its campaign of gradual interest rate hikes into next year, though tame inflation so far has given little reason to think the central bank will hurry into doing so.
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