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According to Reuters, the Swiss currency climbed to a record high of 0.8080 francs per dollar, while the greenback also lost ground on the euro.
The dollar's struggles came in the wake of a statement from Moody's Investors Service, which said the company is considering a potential review of America's top AAA credit rating.
Adam Cole, FX strategist at RBC Capital Markets, predicted the troubles facing the dollar are unlikely to come to an end just yet.
He claimed the currency is in for a "wild ride" over the next few days, adding: "The dollar has digested the news from Moody's but there is still an awful lot of event risk in the coming couple of sessions."
The greenback stayed flat against the yen in the day's forex trading at 79 yen per dollar.
Posted by Greg Secker
