ZURICH: Anxiety about a political deadlock in Greece that may mean Athens foregoes the euro weighed on the common currency on Thursday, whetting investors' appetite for a safe haven and pushing the franc higher against the dollar. The euro wallowed near a three-and-a-half month low versus the Greenback on Thursday, as a fresh parliamentary election in Greece seems increasingly likely. With Athens due to run out of cash in June, a rerun of elections could be a make-or-break event as international lenders refuse to renegotiate the terms of the bailout, as Greek voters wanted. The Swiss franc has generally been trading in lockstep with the euro after the Swiss National Bank imposed a cap of 1.20 per euro on the safe-haven franc on Sept. 6. The franc fell to its lowest since March 15 against the greenback on Wednesday, moving in tandem with the euro as worries about Greece's finances pressured the single currency. But the "Swissie" won back some of those losses on Thursday. "No Swiss data out so all things Greece, Spain and the rest of the euro zone and its crisis will continue to drive markets," said Informa Global Markets analyst Tony Nyman. "For dollar/Swiss a sustained 0.9250-plus break would look a bullish signal and open up 0.9350 near-term." The franc rose 0.1 per centagainst the dollar to trade at 0.9274 by 0617 GMT compared to the New York close. The franc was flat against the euro at 1.2010.

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