Investing.com - The U.S. dollar remained steady against the Swiss franc on Tuesday, hovering close to a six-month high amid concerns over the impact of Greece's financial woes on the global economy.
USD/CHF hit 0.9231 during late European morning trade, the pair's highest since April 6; the pair subsequently consolidated at 0.9217, inching up 0.02%.
The pair was likely to find support at 0.9076, Monday's low and resistance at 0.9294, the high of April 6.
Investors were wary after European finance ministers postponed a decision on Athens' next bailout package due this month, adding to speculation that Greece may be unable to avoid a sovereign default.
Greece's finance minister announced on Sunday that the country would not be able to reach deficit targets this year, and unveiled a new EUR6.6 billion austerity plan designed to bring the country's budget back on track.
Meanwhile, euro zone finance officials were due to meet in Brussels to discuss the implementation of a permanent euro zone bailout facility.
Elsewhere, the Swissie was down against the euro with EUR/CHF rising 0.07%, to hit 1.2152.
Later in the day, European Central Bank President Jean-Claude Trichet was to speak.
Also Tuesday, the U.S. was to release official data on factory orders, while Federal Reserve Chairman Ben Bernanke is to testify before the joint economic committee in Washington.
USD/CHF hit 0.9231 during late European morning trade, the pair's highest since April 6; the pair subsequently consolidated at 0.9217, inching up 0.02%.
The pair was likely to find support at 0.9076, Monday's low and resistance at 0.9294, the high of April 6.
Investors were wary after European finance ministers postponed a decision on Athens' next bailout package due this month, adding to speculation that Greece may be unable to avoid a sovereign default.
Greece's finance minister announced on Sunday that the country would not be able to reach deficit targets this year, and unveiled a new EUR6.6 billion austerity plan designed to bring the country's budget back on track.
Meanwhile, euro zone finance officials were due to meet in Brussels to discuss the implementation of a permanent euro zone bailout facility.
Elsewhere, the Swissie was down against the euro with EUR/CHF rising 0.07%, to hit 1.2152.
Later in the day, European Central Bank President Jean-Claude Trichet was to speak.
Also Tuesday, the U.S. was to release official data on factory orders, while Federal Reserve Chairman Ben Bernanke is to testify before the joint economic committee in Washington.