USD/CHF Returns to 0.95 on Greek Debt Deal

The Swiss franc shed over 1 percent against the dollar on Monday, dropping towards five-week lows as some of the Greece-related safety flows waned after a conditional loan extension for the bailed-out country was reached late last week.

Despite a last-minute deal achieved late on Friday, uncertainty remained high, leaving the euro under pressure against the dollar, the pound and the yen.

The losses in the safe-haven Swiss franc, though, were relatively big. The dollar was 1.25 percent higher against the franc at 0.9515 francs while the euro was up 0.5 percent at 1.07395 francs, not far from a five-week high of 1.08115 struck late on Friday.


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