Investing.com – The Swiss franc's rebound against the U.S. dollar on Thursday halted after a senior EU official said the union should complete talks with Greece on an emergency aid package "in days."
USD/CHF hit 1.0809 during European afternoon trade, close to the daily low of 1.0808, the pair's lowest since Tuesday. USD/CHF subsequently pulled back up to 1.084, shedding 0.02%.
The pair was likely to find short-term support at 1.0702, Tuesday's low, and resistance at 1.0924, Wednesday's high.
Earlier in the day, Olli Rehn, the EU's Economic and Monetary Affairs Commissioner, said the rescue package for Greece would involve bilateral loans from euro zone nations and would be conditional on Greece slashing its gaping budget deficit, Reuters reported.
The Swissy rose versus the yen on Thursday, meanwhile, with CHF/JPY climbing 0.13% to reach 86.83.
Also Thursday, official data showed that the number of U.S. workers filing new applications for unemployment insurance fell less than expected last week.
USD/CHF hit 1.0809 during European afternoon trade, close to the daily low of 1.0808, the pair's lowest since Tuesday. USD/CHF subsequently pulled back up to 1.084, shedding 0.02%.
The pair was likely to find short-term support at 1.0702, Tuesday's low, and resistance at 1.0924, Wednesday's high.
Earlier in the day, Olli Rehn, the EU's Economic and Monetary Affairs Commissioner, said the rescue package for Greece would involve bilateral loans from euro zone nations and would be conditional on Greece slashing its gaping budget deficit, Reuters reported.
The Swissy rose versus the yen on Thursday, meanwhile, with CHF/JPY climbing 0.13% to reach 86.83.
Also Thursday, official data showed that the number of U.S. workers filing new applications for unemployment insurance fell less than expected last week.