The Swiss franc halted its decline against majors as the SNB stopped talks about pegging the franc to the euro or setting a targeted rate.

Today, said it would raise sight deposits to 200 billion francs from 120 billion francs, repurchase outstanding SNB bills and adopt foreign exchange swaps, and it revealed that may take further measures if needed.

However, these measures were reckoned as weak compared with expectations to see a target level or pegging to the euro.

Concerning the EUR/CHF pair, it fell after four days of advance to trade around 1.1412, where it recorded a high of 1.1547 a low of 1.1219.

Moreover, the yen also showed advance against majors except the franc while the dollar dropped against a basket of major currencies to 73.65 compared with the day's opening level of 73.96, according to the dollar index.

Concerning the USD/JPY pair, it continued its plunge to trade at 76.47 after touching a high of 76.83 and a low of 76.46.

The trading range for today is among key support at 75.25 and key resistance now at 79.55.

Moving to the British pound, it pared its earlier drop to trade around 1.6458 after falling to a low of 1.6349.

The pound fell after the release of downbeat data which showed that jobless claims rose to 37.1 thousands in July, the highest level in more than two years, to 1.56 million, from the revised 31.3 thousands, while ILO unemployment for the three months through June inclined to 7.9% from 7.7%.

The lackluster report worsened the outlook for the British economy, especially after the BoE had lowered growth and inflation outlook last week.

So far, the pair has recorded a high of 1.6470, whereas the trading range for today is among key support at 1.6070 and key resistance at 1.6680.