The Swiss franc held close to 20-week highs against the dollar on Monday, little changed in early trade from late last week when the greenback was pressured by security concerns and lower US rate rise expectations.
The franc pushed 20-week highs on Friday after strong US data failed to offset pressure on the greenback from renewed concerns about terror attacks in the United States.
The dollar last changed hands at 1.2248 francs compared with levels around 1.2250 late on Friday in Europe, while the euro was steady at 1.5176 francs, versus levels of around 1.5180 on Friday. UBS analysts said in a note that the focus for the franc would now be the 1.2183 and 1.2135 levels against the dollar, while the euro level remained entrenched in a range between 1.5035 and 1.5308.
Elsewhere, the dollar fell against the yen after markets welcomed signs that Prime Minister Junichiro Koizumi would stay in power after weekend upper house elections.
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