The Swiss franc headed for its 11th daily drop versus the greenback as momentum in US yields and stocks set the tone.

USD/CHF rises as much as 0.3% to 0.9151, highest since April 3; the Swiss currency has become a funding currency of choice following the SNB's decision to keep rates steady last week, making for a short squeeze in the euro and the greenback.

EUR/CHF up 0.1% to 0.9668, rises a fourth day. The Bloomberg Dollar Spot Index gains as much as 0.3%, up a fifth day for the first time since Aug. 16; dollar rose initially as Treasuries came under pressure, and holds gains even as yields reverse gains

USD/JPY little changed at 148.84; it rose earlier to 149.19 and fell sharply by 30 pips after Japanese Finance Minister Shunichi Suzuki said he's watching foreign exchange moves with a high sense of urgency.

EUR/USD erases a 0.2% drop to trade little changed at 1.0590; take-profit orders by hedge funds seen within 1.0520-50: trader.

GBP/USD slips 0.2% to 1.2183, rebounds from 1.2168 day low, as it heads for its fifth day of losses, for the first time in two months.

Source : Bloomberg