LONDON (Alliance News) - The US dollar lost ground against the Swiss franc and the pound in early European deals on Wednesday.
The greenback hit a 2-day low of 1.6236 against the pound and near 4-week low of 0.9052 against the franc, compared to Tuesday's close of 1.6212 and 0.9063, respectively. The next likely downside target level for the greenback is seen around 0.89 against the franc and 1.635 against the pound.