Investing.com - The U.S. dollar rose to a three-month high against the Swiss franc on Thursday, as mounting expectations for a U.S. rate hike in September boosted the greenback and overshadowed an upbeat economic report from Switzerland.
USD/CHF hit 0.9715 during European morning trade, the pair's highest since April 23; the pair subsequently consolidated at 0.9709, up 0.33%.
The pair was likely to find support at 0.9599, Wednesday's low and resistance at 0.9769, the high of April 15.
The greenback strengthened broadly after the Fed gave no clear indication of the timing of the next rate hike, but left itself room to act as early as September, citing continued "solid" gains in the job market.
At the conclusion of the Fed's two-day policy meeting on Wednesday, the central bank said policy makers voted unanimously to keep U.S. interest rates unchanged and reiterated their dependency on data to determine plans for tightening monetary policy.
In Switzerland, data on Thursday showed that the KOF Leading Indicators Index rose to 99.8 this month from 89.8 in June, whose figure was upwardly revised from a previously estimated reading of 89.7.
Analysts had expected the index to rise to 90.3 in July.
The Swissie was also lower against the euro, with EUR/CHF edging up 0.19% to 1.0654.