July 6 (Reuters) – The dollar fell to its weakest in nearly three months against the Swiss franc on Tuesday as the U.S. currency came under broad selling pressure in early European trade.
The dollar CHF= fell to 1.0563 francs according to Reuters data, down 0.7 percent on the day, to hit its lowest since mid-April.
Market participants said selling via system trades was helping to push the U.S. currency lower versus the Swiss franc.
The dollar’s broad losses came as the Australian dollar rallied to session high on short covering after the Reserve Bank of Australia said the global economy is continuing to expand, albeit unevenly.
(Reporting by Naomi Tajitsu)