Forex Pros – The U.S. dollar dipped against the Swiss franc on Thursday, remaining within striking distance of the pair’s all-time low after Greece moved a step closer to securing international aid after voting in favor of austerity measures.
USD/CHF hit 0.8306 during European morning trade, the daily low; the pair subsequently consolidated at 0.8339, dipping 0.06%.
The pair was likely to find support at 0.8274, Tuesday’s low and the pair’s all-time low and resistance at 84.31, the high of June 22.
On Wednesday, the Greek parliament voted to accept the EUR28.4 billion, five-year austerity package needed to secure a EUR12 billion tranche of bailout funds from the European Union and International Monetary Fund.
The parliament was expected to pass a second vote later Thursday on the implementation of different parts of the package, such as tax rises and the sale of state assets
Ahead of the vote, the conservative opposition said it was willing to support some measures in the implementation bill after having opposed the first austerity bill.
Meanwhile, the Swiss franc was slightly lower against the euro, with EUR/CHF rising 0.26% to hit 1.2081.
Later Thursday, the U.S. was to publish its weekly government report on initial jobless claims, as well as data on manufacturing activity in the Chicago region.
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