The Swiss franc was a touch firmer against the dollar on Tuesday, as the U.S. currency unwound some of the gains made on hopes that foreign investors could help offset this month's current account deficit. The dollar was trading at 1.2406/12 francs, down from levels around 1.2432 late in Europe on Monday, while the euro changed hands at 1.5334/39 francs from around 1.5331 on Monday. The greenback had risen on Monday after a report on flows into U.S. assets in June showed enough foreign investment to cover the month's current account deficit. Swiss dealers were focused on Tuesday's local producer price index for further clues about Swiss inflationary developments and the timing of future interest rate rises. The figures will be released at 0715 GMT. "We still would not consider the Swiss economy to be overly inflationary," UBS said in its daily markets bulletin. "This holds true at least as long as it almost exclusively comes down to higher oil and steel prices to push the index higher."///