ZURICH: The Swiss franc rose a touch against the dollar on Tuesday alongside the euro, with the single currency supported by expectations that major central banks may add more stimulus.
Data on Monday added to the urgency for policymakers to act with economic sentiment in the euro zone falling to near a 3-year low as the bloc's economy deepened its slump and businesses became more pessimistic.
Since the Swiss National Bank set a cap of 1.20 per euro on the franc, the Swissie has been trading in tandem with the euro. With the common currency weighed down by the euro zone's debt crisis, the franc slipped to a 19-month trough against the dollar earlier this month, though it has recovered some of those losses since.
Tuesday's big data release are the interim results for the Swiss National Bank at 0530 GMT, plus information on its asset allocation in the second quarter around 0700 GMT.
"With respect to the SNB's interim results for end Q2 '12, it is the composition of their FX reserves that will capture a lot market interest," said UBS economist Reto Huenerwadel.
The franc rose 0.1 percent against the dollar to trade at 0.9779 by 0444 GMT compared to the New York close.
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