The euro dipped, buffetted by a flurry of reports on new concessions made by Greece to its European creditors.
The euro was broadly lower as investors braced for the near certainty that Greece will default on a repayment to the IMF.
Ray Attrill, co-Head of FX strategy at National Australia Bank, attributes the resilience of the euro to factors such as the muted participation of speculative investors and central bank support.
The euro proved broadly resilient to Greece's moving one step closer to an exit from the single currency.
The ongoing Greek debt talks left currency markets in tight ranges on Friday.
Ongoing Greek debt talks sidelined currency investors, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go.
The dollar pared earlier losses on Wednesday after edging lower while U.S. 10-year Treasury yields dipped.
The U.S. dollar rose on Tuesday, underpinned by rising U.S. Treasury yields and prospects for interest rate increases.
The euro was mixed on Monday as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape.
The euro fell against other major currencies, weighed down by anxieties that Greece may soon default on debts.
The dollar declined, with weaker-than-forecast US consumer inflation data making traders even more uncertain about when the Fed will hike rates.
Thomas Jordan, chairman of the Swiss National Bank (SNB), discusses today's rate decision, telling CNBC that the country's inflation and economic outlook remains unchanged.
Thomas Jordan, chairman of the Swiss National Bank, explains why discontinuing the minimum exchange rate was the right decision.
Vasileios Gkionakis, head of global fx strategy at Unicredit, says a euro recovery will push the currency higher against the Swiss franc by year-end.
The euro rose on Wednesday shortly after the U.S. Federal Reserve left its benchmark interest rates unchanged.
The euro was held hostage by the crisis in Greece while the dollar held firm after solid U.S. housing data bolstered the case for the Fed rate hike.
The euro erased losses on Monday after the Sunday failed debt talks between Greece and its creditors.
The euro rebounded against the dollar as Greece said it is getting closer to a deal on its debt.
The euro weakened after the IMF pulled out of debt talks with Greece while the dollar clung to modest gains on Friday.
The dollar slipped to two-week lows against the yen on Wednesday after Japan's chief central banker said the yen was "very weak."