The Swiss franc stood broadly unchanged early on Wednesday as markets awaited the ZEW investor sentiment indicator to shed light on how much the global economic slowdown will weigh on the Swiss economy. "That might trigger the big move today, people are very much focusing on interest rates," a trader said.
The franc was 0.06 percent weaker against the euro compared to the New York close, trading at 1.6243 francs per euro. Against the dollar, the Swissie was almost unchanged at 1.0372 francs per dollar. On Tuesday, data showed that Swiss input price inflation eased by less than expected in April on a yearly basis, keeping up the pressure on the Swiss NBP to hold interest rates steady despite the slowing economy.
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