ZURICH: The Swiss franc tracked the euro higher against the dollar on Wednesday, trading close to an eleven-week high hit the previous session when a crucial bailout agreement for Greece prompted investors to bid up the single currency against the greenback. The franc has traded almost in tandem with the euro since the Swiss National Bank imposed a 1.20 francs per euro cap to prevent the runaway franc from battering the country's exports and pushing the Swiss economy into recession. But the move higher by the franc-euro pair appeared to be running out of steam as doubts began to creep in over the feasibility of the Greek deal. "Market positioning suggests that there is still scope for some euro upside but we doubt that the deal will be sufficient to prompt a big wave of short covering," Credit Agricole analysts said in a note. "Eurozone fundamentals remain weak and if anything the exercise in forming an agreement about Greece has revealed various splits within the euro zone," the analysts said. The franc rose 0.14 percent against the dollar compared to the New York close to trade at 0.911 francs to the dollar by 0751 GMT. The franc was little changed against the euro at 1.2073 francs per euro.

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