The Swiss franc softened against the dollar early on Tuesday as the greenback extended a rally from the previous session on the back of data showing a expansion in the U.S. manufacturing sector. The dollar rose to 1.2689/94 francs compared with 1.2676/81 late on Monday in Europe, while the euro edged higher to 1.5783/87 francs versus 1.5771/76.
The dollar's gains came after data showed the Institute for Supply Management's index for February easing slightly from the previous month's reading but still showing robust growth for the world's biggest economy, as well as pointing to an improvement in labour market conditions. U.S. labour market data for February are due on Friday. Meanwhile, Switzerland's Purchasing Managers' Index also paused in February after a new year growth spurt, data had showed on Monday, marking a pause in the growth momentum seen over the last six months.////