ZURICH: The Swiss franc was steady against the dollar and the euro on Tuesday, with few catalysts seen moving the franc sharply as one third of S&P 500 companies prepare to report second quarter numbers this week. A slide in US Treasury yields over the past two weeks has taken the shine off the dollar, keeping it steady against the euro despite ongoing question marks in the euro zone over the health of Spanish banks and the Greek bailout. Portugal gave single currency investors some cause for optimism investors after President Anibal Cavaco Silva said the current government will stay in office to keep an international bailout on track. The franc continues to shadow euro movements closely, as it has broadly done since the Swiss National Bank capped the currency at 1.20 per euro almost two years ago to stave off a recession and deflation. "It's likely to be a very quiet week, there are no really interesting data out of the U.S and no news is expected on tapering," said Commerzbank forex analyst You-Na Park. "We'd expect the euro-dollar to continue to move sideways over the coming days." However, traders will likely be keeping a close eye on U.S new home sales and initial jobless claims later in the week for clues on the progress of the US economic recovery. The franc was little moved against the dollar compared to the New York close, trading at 0.9360 by 0710 GMT.

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