Forexpros – The U.S. dollar dipped against the Swiss franc on Wednesday, as new hopes that Greece will receive its next tranche of financial aid supported risk appetite.
USD/CHF hit 0.9112, during early European trade, the daily high; the pair subsequently consolidated at 0.9068, rising 0.18%.
The pair was likely to find support at 0.8963, the low of September 30 and resistance at 0.9286, the high of October 7.
On Tuesday, officials from the European Union, International Monetary Fund and European Central Bank said Greece was likely to receive its next bailout package next month and said Athens has made “important progress” in fiscal consolidation.
But investors remained cautious after Slovakia’s parliament rejected the plan to expand the power of the euro zone’s bailout fund, on Tuesday evening.
Slovakia is the last euro zone member to vote on the expansion of the European Financial Stability Facility. The government said it still hoped to pass the measure by the end of the week.
Meanwhile, the Swissie was down against the euro with EUR/CHF easing up 0.10%, to hit 1.2408.
Later in the day, European Commission President Jose Barroso was to present proposals on bank recapitalization to the European Parliament. The U.S. was to publish the minutes of the Federal Reserve’s most recent policy-setting meeting.
Forexpros
