Investing.com – The U.S. dollar edged down to a two-day low against the Swiss franc on Thursday, as speculation that the Federal Reserve would move to normalize monetary policy faded.
USD/CHF hit 0.9142 during European early afternoon trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 0.9149, shedding 0.36%.
The pair was likely to find support at 0.9073, the low of March 25 and resistance at 0.9223, Tuesday’s high.
On Wednesday, St. Louis Federal Reserve President James Bullard said that the Fed can't afford to wait until all the uncertainties facing the global economy are resolved before "normalizing" its monetary policy but later watered that down by saying his was a minority view.
Meanwhile, the Swissie was down against the euro, with EUR/CHF rising 0.30% to hit 1.3012.
Later in the day, the U.S. was to publish a government report on initial jobless claims.
USD/CHF hit 0.9142 during European early afternoon trade, the pair’s lowest since Tuesday; the pair subsequently consolidated at 0.9149, shedding 0.36%.
The pair was likely to find support at 0.9073, the low of March 25 and resistance at 0.9223, Tuesday’s high.
On Wednesday, St. Louis Federal Reserve President James Bullard said that the Fed can't afford to wait until all the uncertainties facing the global economy are resolved before "normalizing" its monetary policy but later watered that down by saying his was a minority view.
Meanwhile, the Swissie was down against the euro, with EUR/CHF rising 0.30% to hit 1.3012.
Later in the day, the U.S. was to publish a government report on initial jobless claims.