The Swiss franc was trading below recent 1-1/2-month peaks against the euro and was stuck in a range against the dollar in cautious early Friday trading ahead of Swiss inflation data. Economists polled by Reuters expect a yearly rate of Swiss consumer price inflation of between -1.3 percent and -0.5 percent, with a median of 12 forecasts at -0.9 percent.
The franc was flat against the euro compared to the New York close, trading at 1.5146 per euro. The Swiss currency rose to as much as 1.4576 this year, but was pushed backs by vigorous SNB intervention and has rarely approached the psychological 1.50 level since then. The franc was also flat against the dollar, trading at 1.0615 dollar.