ZURICH: The Swiss franc was treading water below the central bank's 1.20 ceiling against the euro, despite intensifying anxiety about debts in the euro zone.
The dollar was supported near a 9-month high against a basket of currencies with the market gripped by fear that the debt crisis in Europe could unleash substantial damage on the global economy.
Despite ever deeper cost-cutting measures, Greece admitted on Monday that it will miss its fiscal deficit target this year, sparking fresh doubts over a planned second international bailout.
The franc was flat against the dollar to trade at 0.9209 at 0721 GMT compared to the New York close.
The franc was flat at 1.2139 against the euro.
The Swiss National bank announced on Sept. 6 it would cap the rampant Swiss franc, which had climbed some 20 percent against the common currency in just a few months, at 1.20 per euro. So far that ceiling has held.
"The fact that Eur/Chf stands at just 1.2150 shows that sentiment remains largely negative here given all the Greek default speculation currently," Tony Nyman of Informa Global Markets said.
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