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The Swiss franc idled against the dollar, after the US currency dropped to two-week lows as markets continued to chip away at its recent gains on growing doubts the Federal Reserve will scale back stimulus in any significant way next week.
Market focus is moving to the Fed's minutes as threats of an immediate US attack on Syria subside. Markets appeared to have tempered their expectations for any aggressive moves by the Fed to reduce stimulus since Friday's disappointing US nonfarm payrolls data.
A Reuters survey of 69 economists on Monday also showed the majority expected the Fed to trim its $85 billion monthly bond-buying programme by a modest $10 billion.
Closer to home, two Swiss bond auctions, which bring Switzerland's treasury on track for full-year funding targets, had little impact, with the wider global picture continuing to dominate market views in Switzerland.
UBS, which inched its view of Swiss growth higher on Thursday, said it doesn't expect the Swiss National Bank to change its near-zero interest rate stance at next Thursday's rate-setting session.
"Inflation remains largely a non-issue in Switzerland still," UBS economist Reto Huenerwadel said.
The franc was largely unchanged against the dollar to trade at 0.9302 by 0616 GMT compared to the New York close.
The franc rose 0.1 percent against the euro.
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