The Swiss franc was little moved against the euro and the dollar on Tuesday, trading in a tight range as markets looked ahead to the start of corporate earnings season in the United States. On the home front, producer prices and import prices for September (PPI) are expected to point to limited pricing power within the Swiss corporate sector.
If this is indeed the case, it is a clear sign that inflation is not a major concern for the Swiss economy at present, said UBS economist Reto Huenerwadel. The US dollar has shifted back to the defensive as investors add to long positions in high-yielding currencies on expectations that robust US corporate earnings would sustain risk appetite. The franc was unchanged against the euro compared with the New York close, trading at 1.5169 francs per euro. The franc was also little move against the dollar at 1.0257 francs per dollar.
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