Investing.com - The U.S. dollar fell to a three-day low against the Swiss franc on Thursday, as markets awaited the deadline for a highly anticipated Greek debt deal later in the day.
USD/CHF hit 0.9114, the pair’s lowest since March 5; the pair subsequently consolidated at 0.9123, shedding 0.48%.
The pair was likely to find support at 0.9065, the low of November 30 and resistance at 0.9177, the high of February 20.
Prospects for a successful Greek deal rose after a group of major banks and funds said they would take part in the swap.
As of late Wednesday, about 52% of the EUR206 billion bonds up for restructuring had been pledged.
A positive outcome should clear the way for a bailout package and help Greece avert a messy debt default.
Meanwhile, in Switzerland, government data showed earlier that consumer price inflation rose more-than-expected in February, ticking up 0.3% after a 0.4% decline the previous month.
The Swissie was lower against the euro with EUR/CHF edging up 0.03%, to hit 1.2058.
Later in the day, the U.S. was to produce government data on initial jobless claims.
USD/CHF hit 0.9114, the pair’s lowest since March 5; the pair subsequently consolidated at 0.9123, shedding 0.48%.
The pair was likely to find support at 0.9065, the low of November 30 and resistance at 0.9177, the high of February 20.
Prospects for a successful Greek deal rose after a group of major banks and funds said they would take part in the swap.
As of late Wednesday, about 52% of the EUR206 billion bonds up for restructuring had been pledged.
A positive outcome should clear the way for a bailout package and help Greece avert a messy debt default.
Meanwhile, in Switzerland, government data showed earlier that consumer price inflation rose more-than-expected in February, ticking up 0.3% after a 0.4% decline the previous month.
The Swissie was lower against the euro with EUR/CHF edging up 0.03%, to hit 1.2058.
Later in the day, the U.S. was to produce government data on initial jobless claims.