Investing.com - The U.S. dollar edged lower against the Swiss franc on Thursday, as investors hoped Greece was nearing a deal on a second bailout ahead of a meeting of euro zone leaders later in the day.
USD/CHF hit 0.9092 during European morning trade, the pair’s lowest since December 1; the pair subsequently consolidated at 0.9112, slipping 0.14%.
The pair was likely to find support at 0.9070, the low of November 30 and resistance at 0.9185, the high of November 22.
Following talks on Wednesday, Greek Prime Minister Lucas Papademos said political leaders had reached an agreement in principle on austerity measures required for the country to secure its next aid package, but the issue of proposed pension cuts was unresolved.
Mr. Papademos said discussions on the issue with international lenders would continue, in the hope of reaching an agreement ahead of a meeting of euro zone finance ministers later Thursday.
Meanwhile, a report earlier showed that Switzerland's consumer climate index improved slightly more-than-expected in January.
The Swiss State Secretariat for Economic Affairs said its index of consumer climate rose to minus 19 in January from a reading of minus 24 in December.
Analysts had expected the index to improve to minus 22 in January.
The Swissie was fractionally lower against the euro with EUR/CHF inching up 0.02%, to hit 1.2103.
Later in the day, the U.S. was to publish government data on unemployment claims.
USD/CHF hit 0.9092 during European morning trade, the pair’s lowest since December 1; the pair subsequently consolidated at 0.9112, slipping 0.14%.
The pair was likely to find support at 0.9070, the low of November 30 and resistance at 0.9185, the high of November 22.
Following talks on Wednesday, Greek Prime Minister Lucas Papademos said political leaders had reached an agreement in principle on austerity measures required for the country to secure its next aid package, but the issue of proposed pension cuts was unresolved.
Mr. Papademos said discussions on the issue with international lenders would continue, in the hope of reaching an agreement ahead of a meeting of euro zone finance ministers later Thursday.
Meanwhile, a report earlier showed that Switzerland's consumer climate index improved slightly more-than-expected in January.
The Swiss State Secretariat for Economic Affairs said its index of consumer climate rose to minus 19 in January from a reading of minus 24 in December.
Analysts had expected the index to improve to minus 22 in January.
The Swissie was fractionally lower against the euro with EUR/CHF inching up 0.02%, to hit 1.2103.
Later in the day, the U.S. was to publish government data on unemployment claims.