The Swiss franc inched higher against the dollar and the euro early on Tuesday as dealers scanned markets for fresh impulses ahead of a Swiss interest rate decision next week, set to make the franc dearer.
"The big new impulses for foreign exchange markets were largely missing for another day on Monday," UBS economists said in a note, pointing to technical levels giving the franc any direction for the time being.
The dollar stood at 1.3073/76 Swiss francs, compared to levels around 1.3123/28 francs late on Monday. The euro traded at 1.5413/22 francs from 1.5428/33 francs.
The Swiss National Bank is expected to raise interest rates on December 15 for the first time since September last year, following in the footsteps of other major central banks, and investors are looking for signs of the SNB's timetable to continue tightening credit costs.
In Switzerland, markets will be looking at unemployment data due for publication at 0645 GMT on Wednesday. However, the figures will do little to change the market view that rates will rise by a quarter percentage point on December 15.