Swiss franc up

The Swiss franc rose against the euro on Wednesday as investors took refuge in the safe haven currency while global stock markets dipped on worries that soaring oil prices could hurt recovery prospects. The franc was also supported by strong Swiss growth data and a rise in the purchasing managers' index on Tuesday, which prompted markets to brace for an earlier interest rate hike.
The franc was up 0.1 percent against the euro compared to the New York close, trading at 1.2783 per euro at 0755 GMT. The franc was 0.1 percent higher against the dollar at 0.928 per dollar, but still off last Thursday's all-time high of 0.9230.