We have updated our privacy policy and terms & conditions. Find out more here.

Forex - USD/CHF slips lower as eyes on U.S. data, Fed

ForexJan 30, 2013 10:06AM GMT Add a Comment
Share with a Friend
Thanks for sharing
Emails have been sent to:
To send more emails click here
Investing.com - The U.S. dollar slipped lower against the Swiss franc on Wednesday, after the release of a disappointing Swiss economic report, as investors eyed upcoming U.S. data and the Federal Reserve's policy statement.

USD/CHF hit 0.9196 during European morning trade, the session low; the pair subsequently consolidated at 0.9197, edging down 0.18%.

The pair was likely to find support at 0.9167, the low of December 14 and a multi-month low and resistance at 0.9256, the high of January 8.

In a report, the KOF Economic Research Agency said that its economic barometer for Switzerland fell to a seasonally adjusted 1.05 in January, from a reading of 1.29 the previous month whose figure was revised up from 1.28.

Analysts had expected the KOF economic barometer to slip to 1.16 this month.

Meanwhile, investors remained cautious ahead of a number of significant U.S. economic events, including data on fourth quarter growth and the Fed's monetary policy statement later Wednesday, as well as Friday’s U.S. nonfarm payrolls data.

The U.S. central bank was expected to reaffirm its commitment to its easing program until unemployment in the country falls below 6.5%.

The Swissie was lower against the euro with EUR/CHF adding 0.12%, to hit 1.2445.

Also Wednesday, official data showed that Spain's gross domestic product contracted more-than-expected in the fourth quarter, falling by 0.7% after a 0.3% decline in the previous quarter. Analysts had expected Spanish GDP to contract by 0.6% in the last quarter.

Later in the day, the U.S. was to release data on ADP nonfarm payroll.

Forex - USD/CHF slips lower as eyes on U.S. data, Fed

Related Articles

Dollar remains on the upside as U.S. data supports
Dollar remains on the upside as U.S. data supports
By Investing.com - Mar 30, 2015

Investing.com - The dollar remained broadly higher against a basket of other major currencies on Monday, after the release of positive U.S. economic reports and as comments by ...

 Forex - Euro remains lower after German, U.S. data
Forex - Euro remains lower after German, U.S. data
By Investing.com - Mar 30, 2015

Investing.com - The euro remained lower against the dollar on Monday after data showing that U.S consumer spending barely rose last month, as uncertainty over Greece continued to ...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.