The Swiss franc gained against the dollar on Thursday after the US Federal Reserve kept rates near zero and said they would remain low for some time come. The franc gained 0.3 percent against the dollar compared to the New York close, trading at 1.0734 per dollar by 0644. With more data on Thursday possibly pointing to further recovery.
The dollar could even weaken a little bit more, Hettinger said: "Generally, what is positive for risk is negative for the dollar." The franc was 0.15 percent lower against the euro at 1.5314 per euro. "The Swiss franc is still range-bound against the euro around 1.53. It is basically a euro-dollar trade today," said Hettinger. Economists expect the combined Swiss producer and import index to fall by 5.9 percent on year when the Federal Statistics Office releases data on Thursday.
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