The Swiss franc ticked higher against the euro on Thursday after a monthly rise in Swiss exports added further support to the currency. However, the threat of a Swiss National Bank intervention continued to keep a lid on the franc's rise, analysts said. The franc looked set to trade between 1.46 and 1.47 per euro for another day, analysts at Credit Suisse said.
The franc was 0.1 percent higher against the euro compared to the New York close, trading at 1.4653 per euro at 0745 GMT. The Swiss currency was well supported as the Greek debt crisis weighed on the euro and Swiss economic data showed more signs of a solid recovery.
Swiss exports rose by 3.2 percent in January compared with December when adjusted for price and seasonal swings, data showed on Thursday. But markets assume that the central bank intervened last week when the franc hit a 15-month high against the euro. The franc was 0.3 percent weaker against the dollar at 1.0816 per dollar, as the greenback got a boost from stronger US economic data and evidence that the Federal Reserve had discussed strategies to withdraw monetary stimulus.
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