The dollar last traded at 1.2758/60 Swiss francs, down from 1.2808/11 francs in late trading in Europe on Wednesday. The euro stood at 1.5460/63 francs from 1.5479/81 francs on Wednesday.
The dollar has been supported in previous sessions by dealers welcoming the nomination of Ben Bernanke as a successor to Alan Greenspan at the US Federal Reserve. The nomination also sparked demand for longer-dated US Treasury notes.
In Switzerland, market players were watching for the release of the KOF economic indicator on Friday and also the latest growth forecasts from the Swiss government for more confirmation that Swiss economic growth is becoming more broad-based.