• Swiss franc benefits from euro zone debt worries
  • U.S. dollar under broad pressure, down even on the euro
  • Chinese data at 0200 GMT set to drive risk sentiment

SYDNEY, June 14 (Reuters) - The safe-haven Swiss franc held near a record high against the euro in Asia on Tuesday, benefiting from the ongoing European debt crisis, while the greenback stayed under pressure as other currencies like the Australian dollar squeezed higher.

But Monday's price action is likely to be determined by Chinese data due at 0200 GMT, where any signs of a faster-than-expected pick up in inflation would probably sap risk appetite.

The market is already worried about a slowing Chinese economy at a time when the U.S recovery appears to be faltering and Europe's sovereign debt crisis remains unresolved.

On Monday, Standard & Poor's slashed Greece's rating to CCC, making the highly-indebted country its lowest-rated in the world. S&P said European policymakers look increasingly likely to impose a restructuring of Greece's debt.

"The clock is ticking on a solution for the Greek debt crisis: whatever the outcome, there should be plenty of choppiness in advance," BNP Paribas analysts wrote in a note.

"A market-friendly resolution should see EURUSD trade significantly higher; a default - managed or otherwise - should see EUR under further downside pressure."

The euro last traded at 1.2056 Swiss francs , having plumbed a record low at 1.2004 francs in New York. Immediate support is near 1.2000 where option structures and barriers are seen lurking, a break of which will trigger more selling.

Against the dollar, the euro bounced off a two-week low around $1.4319 to last trade at $1.4413. It was still down some 2 percent from last week's peak near $1.4700.

This saw the dollar index , which tracks its performance against a basket of major currencies, retreat to 74.490 from a two-week high of 74.960.

"Clearly the markets are very concerned about the U.S. economy and the U.S. debt situation itself," said Greg Gibbs, strategist at RBS.

"Those are the key factors preventing what would normally be a bigger fallout, given the amount of risk around the European situation. Markets seems remarkably confident some sort of bailout for Greece will go ahead and they're prepared to buy euros."

Indeed, Olli Rehn, the European commissioner for economic and monetary affairs, told Sueddeutsche Zeitung in an interview to be published on Tuesday that a solution for the Greek sovereign debt crisis was not as far off as some might think.

The dollar also eased to 80.17 yen from a high near 80.70, although it appeared to have stabilised around 80.00/81.00 since its steady decline from April's high above 85.50.

The Bank of Japan ends its policy meeting later Tuesday and there is some chance it could expand a loan scheme, though that would likely have little impact on markets .

Commodity currencies such as the Australian dollar also gained ground versus the embattled greenback. The Aussie rose to $1.0600, from a low of $1.0524 plumbed on Monday, but would be vulnerable to any disappointment in the Chinese data.

Support is seen around $1.0520, the 76.4 percent retracement of the May 25-June 3 rally. (Editing by Wayne Cole)