Swiss franc up versus dollar

04 Aug, 2010

The Swiss franc notched back up towards a 6-month high against the dollar on Tuesday as markets awaited Swiss consumer price data for clues on the timing of the Swiss National Bank's first post-crisis interest rate hike. Annual consumer price inflation for July is expected to tick up to 0.7 percent from 0.5 percent in June.
The franc ticked up against the dollar to 1.0385 per dollar, having hit its highest level since mid-January on Monday at 1.0344 as worries about the growth outlook in the United States weighed on the greenback. The franc was slightly firmer against the euro compared to the New York close, trading at 1.3664 per euro at 0554 GMT.

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