The Swiss franc remained close to three-month highs against the dollar on Friday as comments by the US Federal Reserve that it may soon stop raising interest rates continued to weigh on the greenback.
The dollar held near a seven-month low against the euro on Friday and touched a three-month low against the yen in the previous session after Fed chairman Ben Bernanke said that a pause in rate increases may come at some point in the future.
The dollar touched 1.27575 francs in the previous session, its weakest level since the end of January. On Friday, it had made up only little of its losses.
The US currency traded at 1.2596/99 francs early on Friday, down slightly from 1.2612/15 francs late on Thursday in Europe. The euro traded at 1.5785/89, virtually unchanged from 1.5794/96 francs in the previous session.
Markets will be eyeing a speech by Swiss National Bank Chairman Jean-Pierre Roth later in the session for any confirmation of a widely-held view the central bank will continue to hike interest rates this year.
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