LONDON: The Swiss franc traded within a tight range against the euro and dollar in a quiet market on Tuesday, although US data later in the session could weigh on the Swiss currency if it surprises on the upside, fanning investors' risk appetite.
The franc was flat versus the euro at 1.2219 francs , while edging marginally higher against the dollar to 0.9347 francs.
Market players said US consumer confidence figures December due at 1500 GMT may prompt some trading, but overall they expected little movement in the franc given that many market participants were on still on extended holidays after Christmas.
"Consumer confidence could be another set of data that is rather good for the US, and risk on may be a little bit negative for the Swiss," said Antje Praefcke, a currency strategist at Commerzbank.
"Euro/Swiss could rise in the afternoon if people really want to trade something."
The euro, perceived as a riskier currency, tends to outperform on stronger-than-expected economic data.
The Swiss franc showed little reaction to the UBS consumption indicator for Switzerland, which fell to 0.81 points in November from a revised 0.9 points in October.
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