The Swiss franc trod water versus the euro in early trading on Thursday, off the multi-week peak hit earlier this week with market participants slightly less risk averse ahead of a European Central Bank meeting. Investors are speculating the European Central Bank may calm the eurozone's fiscal crisis by taking new steps to deal with fears of contagion in the eurozone.
At 0755 GMT the Swiss franc was virtually flat against the euro, compared to the New York close, trading at 1.3171 per euro. Against the greenback it was up 0.2 percent at 1.0005 per dollar.