ZURICH: The Swiss franc rose against the dollar on Thursday, paring losses from the previous session as investors switched their focus from Europe's tentative economic recovery towards data due from the United States.
The world's largest economy is due to release a raft of economic data later in the day, including initial jobless claims and industrial production.
Uncertainty over when the US Federal Reserve will start to reduce its stimulus measures offset brighter economic data released in Europe, pushing the dollar lower.
"The stream of numbers from the United States today will draw the full attention of market participants as they try to establish a view on the United States' exit strategy from its ultra-loose monetary policy," said analysts at St. Galler Kantonalbank in a note.
In the meantime investors scaled back bets on further easing in the euro zone following improved economic data from the currency bloc and the UK.
The franc rose 0.3 percent against the dollar compared to the New York close to trade at 0.9328 francs per dollar by 0732 GMT.
The franc was little changed against the euro at 1.2393 per euro.
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