The Swiss franc was slightly stronger versus the dollar and the euro early on Thursday as it recovered from a four-month low against the euro hit in the previous session.
The franc fell to 1.5830 per euro during Wednesday's session as a pick up in risk appetite made investors less keen to buy Switzerland's currency. But the Swiss currency now recovered in what analysts said was a technical correction. The Swiss currency was trading at 1.5784 per euro and against the dollar it was 0.06 percent stronger at 1.2288 per dollar.
Interest rate differentials have supported the euro rather than Swiss franc as many investors still expect the European Central Bank to raise interest rates more aggressively than its Swiss counterpart, despite recent more hawkish comments by Swiss National Bank Chairman Jean-Pierre Roth.