The dollar rebounded on Wednesday as investors took a respite from selling it given no fresh news on US debt negotiations, though uncertainty around the talks should keep the rally short-lived. In midday New York trading, the dollar was little changed versus the Swiss franc, after earlier hitting a new record low of 0.79960 on the EBS trading platform.
The dollar has fallen roughly 4.7 percent so far in July against the Swiss franc and was down for a sixth straight month. The euro was down 1 percent at $1.43670, having earlier climbed to $1.45370. Traders cited support in the $1.43500-600 region and offers at the $1.44200-240. The dollar fell to a four-month low of 77.570 yen, just shy of a reported option barrier at 77.50. It was last up 0.1 percent at 77.970 yen. The record low in the pair was 76.250 hit in mid-March.