The Swiss franc headed for its 11th straight daily drop versus the greenback as investors factored in a protracted period of high Fed interest rates. The dollar advanced for a fifth day, while the Swedish krona was the only Group-of-10 peer to gain versus the US currency and the yen edged toward 150 per dollar. 

USD/CHF rose 0.4% to 0.9154, highest since April; the franc 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 0.9674

The Bloomberg Dollar Spot Index rose 0.3%, in longest winning streak since mid-August

Senate Republican and Democrat negotiators are nearing a deal on a short-term spending measure intended to keep the government open after Oct. 1, according to a person familiar with the talks

"Fears of a government shutdown in the US continue to drive risk-averse trading, even as Senate negotiators appear to be nearing a deal for short-term spending measures," analysts at Monex USA wrote. "Investors believe USD is the safest place to put their money as fiscal risks abound domestically"

Minneapolis Fed President Neel Kashkari said he sees a 60% chance the US central bank can bring inflation down to its 2% target without causing severe damage to the economy

USD/JPY little changed at 148.90; in a choppy trading session that saw the pair top 149 for the first time since October, Japanese Finance Minister Shunichi Suzuki said he's watching foreign-exchange moves "with a high sense of urgency"

Source : Bloomberg