The Swiss franc hovered on Wednesday after jobs data showed the seasonally adjusted unemployment rate was steady and ahead of the Swiss National Bank's policy meeting on Thursday. The Swiss unemployment rate rose to a non-seasonally adjusted 4.2 percent in November from 4.0 percent in the previous month.
But was steady at 4.1 percent when adjusted for seasonal factors. Economists surveyed by Reuters had expected the non-adjusted and the adjusted jobless rate to come in at 4.2 percent. The franc was flat against the euro compared with the New York close, trading at 1.5104 per euro having fallen on Monday to 1.5128, the lowest since November 26, when talk of SNB intervention last hit the Swissie. The franc was also flat against the dollar at 1.0265 per dollar.
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