Swiss Franc Weakens Against Dollar Despite Upbeat KOF Data

The Swiss franc continued to lose ground against the US dollar on Thursday, even after the KOF Leading Indicators surprised to the upside. The report's improvement signaled a potentially brighter economic outlook, yet the franc struggled to find support.

Market sentiment remained tilted in favor of the greenback, with the franc extending its retreat from earlier levels. The move suggests that external factors, possibly broader risk appetite or US rate expectations, were overriding the domestic data.

The pair was last trading near its daily lows, as traders awaited further catalysts.