The Swiss franc was a touch stronger against the euro and flat against the dollar on Thursday ahead of Swiss producer and import prices for March. Analysts said the possibility of a Swiss National Bank (SNB) foreign exchange intervention to weaken the franc continues to be the key theme as the Swiss currency approaches the key 1.50 level against the euro.
The franc was 0.13 percent stronger against the euro compared to the New York close, trading at 1.5087 per euro. The franc was flat against the dollar, trading at 1.1445 per dollar. "Looking into the week ahead we see limited potential for the two economic main events scheduled, ie the release of March wholesale prices and the February retail sales report, to bring about a changed sentiment vis-a-vis the Swiss economy," UBS analyst Reto Huenerwadel said in a research note.