The Swiss franc fell from six-week highs against the dollar in early European trade on Monday, reversing pre-weekend gains, with comments from a meeting of finance ministers and central bankers having little impact.
The dollar last traded at 1.2545/51 francs, compared with levels around 1.2498/03 late on Friday in Europe. The euro last changed hands at 1.5508/13 francs, from levels around 1.5492/97 late on Friday.
The International Monetary Fund's top policy-making group said on Saturday that the global economy was poised for continued growth, although high oil prices presented risks.
Speaking on the sidelines of the IMF meeting, Switzerland's central bank chief Jean-Pierre Roth reiterated the view that Swiss economic growth was on track to post growth of around 2 percent in 2004. He expected GDP to grow by slightly more than that in 2004.
"The global economy will remain in motion until 2005," Roth told reporters in Washington, according to Swiss news agency SDA.
"That is the good news for the Swiss economy."