During early European deals on Monday, the franc showed mixed trading against other major currencies. The franc pared recent gains against the yen and the dollar, but rose to a new multi-week high versus the pound. Meanwhile, the franc traded in a tight range against the 16-nation European currency.
The Swiss retail sales for December and the jobless rate for January released today likely influenced the franc.
Swiss retail sales grew 4.7% year-on-year in December, data released by the Federal Statistical Office showed. Month-on-month, retail sales rose a seasonally adjusted 3.1% in December.
Switzerland's unadjusted jobless rate rose to 4.5% in January from 4.4% in December, the State Secretariat for Economic Affairs said. Economists had forecast a rate of 4.6%.
The currency of Switzerland pared its recent gains against the Japanese yen. The franc hit a low of 83.34 at 4:50 am ET, moving down from a high of 83.71 hit earlier. The current quote for the franc-yen pair is 83.50, compared to Friday's New York session close of 83.23.
The franc pared its recent gains against the U.S. dollar. As of now, the greenback-franc pair is trading at 1.0724 and the pair closed Friday's New York session at 1.0739.
The franc rose to a new multi-week high of 1.6700 against the pound at 5:05 am ET. The pound-franc pair is now worth 1.6706, compared to Friday's New York session close of 1.675.
Against the euro, the franc traded in a tight range between 1.4661 and 1.4695. Presently, the euro-franc pair is worth 1.4686 and the pair was worth 1.4670 at Friday's New York session close.
There are no significant economic reports slated for release from the U.S. today.
For comments and feedback: editorial@rttnews.com