The Swiss franc stayed well clear off recent highs on Monday as investors were once again ready to turn to riskier investments in the wake of better-than-expected US jobs data on Friday. A Zurich-based trader said volumes in euro-Swiss franc were thin. "It is a bank holiday in the United States and I do not expect much movement today. The range should be 1.3070-1.3140 (per euro)," he said.
Risk aversion eased after the US data on Friday, helping the European single currency, the trader said. "Euro-dollar is holding up well and if the euro remains firm, euro-Swiss franc could go along," he said. The franc was near flat against the euro compared to Friday's close, trading at 1.3106 per euro. The franc was also little changed against the dollar at 1.0159 per dollar.