Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Cyber Monday Deal: Up to 60% off InvestingPro
CLAIM SALE
Forex - USD/CHF higher ahead of U.S. data
Published Jun 04, 2013 05:47AM ET
Updated Jun 04, 2013 05:52AM ET
USD/CHF hit 0.9512 during European morning trade, the session high; the pair subsequently consolidated at 0.9484, adding 0.13%.
The pair was likely to find support at 0.9409, Monday's low and resistance at 0.9624, Monday's high.
The greenback had weakened on Monday, after data showed that activity in the U.S. manufacturing sector contracted for the first time in six months in May.
The Institute for Supply Management said its index of purchasing managers fell to 49.0, the lowest level since June 2009 and below the 50 level that separates contraction from growth.
The weak data dampened expectations that the Federal Reserve will start to unwind its USD85 billion-a-month asset purchase program later this year.
The Swissie was lower against the euro with EUR/CHF edging up 0.16%, to hit 1.2406.
Also Tuesday, official data showed that the number of unemployed people in Spain dropped by 98,300 in May, more than the expected 50,200 fall, after a 46,100 decline the previous month.
Later in the day, the U.S. was to produce a report on the trade balance.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other 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, don’t trash it.
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. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.