Swiss franc dips

22 Sep, 2010

The Swiss franc dipped on Tuesday as Swiss export growth eased in August, adding to the Swiss National Bank's case to keep interest rates on hold for longer. Swiss exports rose by 4.6 percent on the year when adjusted for working days, slowing from 7.4 percent growth in July, data from the Federal Customs Office showed. The country's trade surplus narrowed sharply to 568 million francs.
The franc was 0.3 percent lower against the euro compared to the New York close, trading at 1.3168 per euro. The franc was 0.2 percent firmer against the dollar at 1.0066 per dollar.

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