The euro slipped back against the U.S. dollar on Wednesday, but stayed close to a 2-month high, amid improved risk appetite as concerns about Greece's borrowing costs eased.
EUR/USD hit 1.2716 during late Asian trade, shedding 0.07%, down from Tuesday's high of 1.2738, the pair's highest since May 12.

European stocks advanced at midday as Alcoa earnings beat estimates ahead of the earnings season in the U.S. On the other hand, BP shares gained.

The U.S. dollar was up against the Swiss franc on Tuesday, after worse-than-expected Swiss consumer price inflation data.
USD/CHF hit 1.0646 during European afternoon trade, a daily high, the pair subsequently consolidated at 1.0603, gaining 0.1%.

Last week saw the euro's rally to a 7-week high against the U.S. dollar stall on Friday, with the single currency paring gains as market sentiment towards the euro remained cautious.
EUR/USD hit 1.2722 on Friday; the pair's highest since May 12, the pair subsequently fell to close at 1.2637, having gained 1.56% over the week.

NEW YORK, July 9 (Reuters) - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning next week could give an edge to the bulls.