Investing.com – The Swiss franc hit a daily high against the U.S. dollar on Thursday, ahead of the Swiss National Bank's keenly awaited decision on interest rates.
During early European trade, USD/CHF shed 0.05% to hit 1.0693, a daily low.
The pair was likely to find short-term support at 1.0649, last Wednesday's low, and resistance at 1.0898, the high of Feb. 19.
However, the Swissy fell against sterling, with GBP/CHF gaining 0.23% to reach 1.6024.
According to the Financial Times, currency traders have been building up bets on a rise in the Swiss franc on speculation that the Swiss National Bank will soften its stance on currency intervention at its policy meeting on Thursday.
The United States, meanwhile, was due to publish its trade balance and release key data on unemployment claims later in the day.