The Swiss franc recovered from the recent 6-month low against the dollar on Wednesday as the greenback took a breather after its recent strong gains. "The dollar is in a correction phase," said Unicredit analyst Armin Mekelburg. "There are no major Swiss-specific drivers at the moment."
The Swiss consumer sentiment survey, due for publication on Thursday, was the next set of Swiss data likely to influence the franc, he said. The franc rose 0.3 percent against the dollar to 1.0834 per dollar, recovering some ground from the 6-month low at 1.0925 hit on Tuesday. The franc was slightly weaker against the euro, trading at 1.6212 per euro.
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