Swiss franc clings on to recent gains

The Swiss franc clung on to recent gains against the dollar on Wednesday as the greenback was under pressure due to investor's more optimistic view on the economic outlook. "The US dollar remains under pressure as risk appetite holds up well and economic data on balance show signs of a recovery," a Credit Suisse analyst said in a note.
The franc was little changed against the US currency at 1.1102 per dollar, after having gained around one percent over the last two days. The franc was also largely flat against the euro compared to the New York close, trading at 1.5128 per euro.