ZURICH: The Swiss franc was steady against the dollar, which held gains made late last week after better-than-expected US jobs data eased concerns about the outlook for the world's largest economy.
US employment rose more than expected in April and hiring was much stronger than previously thought in the prior two months. The jobless rate also fell to 7.5 percent, the lowest since December 2008, data showed on Friday.
Closer to home, Swiss National Bank policymaker Jean-Pierre Danthine said on Sunday the central bank sees no reason to abandon the 1.20 per euro cap it imposed on its safe-haven franc currency soon.
"According to the latest Danthine comments 'it is rather a question to be a bit more expansive' on the margin," UBS strategist Reto Huenerwadel said.
The Swiss franc has tracked the euro closely since the SNB capped the franc in September 2011 to help stave off recession and threat of deflation after safe haven buyers had bid the Swiss unit to near parity.
"Having strengthened after the ECB rate cut on Thursday, EURCHF reversed last week's price gains entirely trading back up above 1.2260," Huenerwadel said.
This week, currency dealers will watch Tuesday's Swiss unemployment report for April as well as Wednesday's inflation reading for the same month, Huenerwadel said.
The franc was unchanged against the dollar to trade at 0.935 by 0610 GMT compared to the New York close.
The franc was virtually unchanged against the euro.
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