The Swiss franc was stable against the euro and the dollar in choppy trading on Wednesday as investor hopes for a lasting solution to the eurozone crisis continued to ebb and flow, with thin trading volumes adding to market volatility. The franc has shadowed the euro closely since Switzerland's central bank imposed a cap of 1.20 francs per euro on September 6 after safe haven buyers almost pushed the franc to parity, hammering the competitiveness of Swiss exporters.
The franc was flat against the dollar compared to the New York close, trading at 0.9458 francs per dollar at 0903 GMT. The franc was slightly weaker against the euro at 1.2331 francs per euro.