"The risk reward (for the euro) is skewed towards further negativity on the news front as Greece struggles to convince the markets of its three-year plan to reduce the fiscal deficit and maintain a steady hand going forward," Australian bank Westpac said in a note.
The franc was little moved against the euro, trading at 1.4763 per euro compared to Friday's New York close of 1.4766, but close to a 10-month peak of 1.4721 hit last week. The franc shifted slightly lower against the dollar at 1.0272 per dollar compared to Friday's 1.0263 close.
The franc's strength across major currencies persists despite Swiss National Bank President Philipp Hildebrand's reiterated comments last week that the bank will counter any excessive strengthening of the Swiss franc. "With similar comments having lasted a couple of hours last time around, we would be very surprised to see euro/Swiss jumping higher on the latest comments by President Hildebrand," said UBS economist Reto Huenerwadel in a research note. However, said Huenerwadel, "Foreign exchange intervention to support similar comments become increasingly likely with every round of SNB comments failing to prevent the franc from strengthening against the euro."