The Swiss franc was set to tick down against both the euro and the dollar, with markets on Tuesday continuing the "risk on" phase of recent trading sessions. The franc was down 0.1 percent against the dollar to trade at 0.9117 by 0650 GMT compared to the New York close. The franc was also flat against the euro at 1.2065.
The safe-haven franc, which the Swiss National Bank capped at 1.20 per euro on September 6, has been trading in tandem with the euro in recent weeks as the bloc's debt crisis eases.