The Swiss franc inched down on Thursday as the country’s industrial output dropped in the 1st quarter.

According to the Swiss Federal Statistics Office, industrial production was at -5.0% from a year ago, but orders on hand climbed 0.1%.

The franc stood at 0.9472 per US dollar, 1.0344 per euro, and 1.4546 per British pound. Against the Japanese yen, the currency closed at ¥130.62.

The material has been provided by InstaForex Company – www.instaforex.com