The Swiss franc eased against the greenback on Thursday after the Federal Reserve held interest rates steady on Wednesday but hinted it may be closer to considering a rate increase. The dollar edged higher to 1.2574/79 francs from levels around 1.2465 francs in late European trade on Wednesday. The euro lost some ground against the franc and changed hands at 1.5650/52, from around 1.5695 on Wednesday.
Traders said they would eye remarks by Swiss National Bank Chairman Jean-Pierre Roth later on Thursday, who is expected to repeat the central bank is in no rush to raise rates from current record lows as it waits for a tentative recovery to take root.

Copyright Reuters, 2004

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