Into early North American trading and sellers in USD/CHF into the 1.2590's are limiting the rebound at present. In other news, the Swiss Finance Minister, Hans-Rudolf Merz, has comments to Bloomberg reporters that "further franc weakness is not desired".
In a report of the comments the official is reported to say that "the country should look after its own currency" and that a further decline (past the recent six-year low) against the Euro is not warranted.
He also backed the SNB and their policy on rates while reiterating the official rhetoric, seen from Roth in his recent speech, that the Franc remains inside the range against the Euro.
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