Investing.com – The U.S. dollar rose against the Swiss franc on Wednesday, clawing back from a 2-week low it hit earlier in the day ahead of key U.S. data on the retail sector and inflation.
USD/CHF gained 0.09% to hit 1.0546 during European late morning trade after bouncing from 1.0502, a 2-week low it sank to during the Asian trading session. The pair was likely to find resistance at 1.0786, last Thursday's high, and support at 1.0435, the low of April 1.
Later in the day, the United States was due to publish closely watched monthly reports on consumer prices and retail sales.
The Swissy rose versus the yen, meanwhile, with CHF/JPY climbing 0.26% to reach 88.69.
U.S. Federal Reserve Chairman Ben Bernanke, meanwhile, was scheduled to testify before the Joint Economic Committee of Congress. Traders were likely to scrutinize his comments for clues to future shifts in monetary policy.
USD/CHF gained 0.09% to hit 1.0546 during European late morning trade after bouncing from 1.0502, a 2-week low it sank to during the Asian trading session. The pair was likely to find resistance at 1.0786, last Thursday's high, and support at 1.0435, the low of April 1.
Later in the day, the United States was due to publish closely watched monthly reports on consumer prices and retail sales.
The Swissy rose versus the yen, meanwhile, with CHF/JPY climbing 0.26% to reach 88.69.
U.S. Federal Reserve Chairman Ben Bernanke, meanwhile, was scheduled to testify before the Joint Economic Committee of Congress. Traders were likely to scrutinize his comments for clues to future shifts in monetary policy.