Swiss Franc Recovers From Lows Against Dollar And Pound, Friday, May 30, 2008 3:31:35 PM

The Swiss franc rose versus its major counterparts on Friday in New York, pulling up from early lows versus the sterling and the greenback.

The Swiss franc rebounded from an 11-day low against the dollar on Friday. After easing to 1.0526 by 3:30 am ET, the franc rose to 1.0424 in the afternoon.

Investors digested a US consumer sentiment index for May being unexpectedly raised upward and a report showing personal income and spending rose as expected in April.

Against the euro, the franc climbed away from Thursday`s 9-day low on Friday. The franc advanced to 1.6206 just before 3:00 pm ET, up from 1.6288 in the early morning.

Traders considered two reports showing Italian consumer prices rose more than expected in May.

Versus the pound on Friday, the franc recovered from a 3 1/2-week low. After slumping to 2.0783 around 3:30 am ET, the franc rallied to 2.0639 in the mid-afternoon.

Investors mulled the Swiss May KOF leading index falling in line with expectations.