Investing.com – The U.S. dollar was down against the Swiss Franc on Tuesday, hovering just above the the pair’s all time low, ahead of the release of industry data on U.S. service sector activity.
USD/CHF hit 0.9657 during European afternoon trade, the pair’s lowest since March 17, 2008; the pair subsequently consolidated at 0.9694, shedding 0.20%.
The pair was likely to find support at 0.9632, the pair’s all time low and resistance at 0.9842, the high of October 1.
Earlier in the day, official data showed that Swiss consumer price inflation remained flat in September, in line with expectations. The report said that the annualized rate of inflation was 0.3% in September, unchanged from August and down 0.9% from September 2009.
Meanwhile, the Swissy was down against the euro, with EUR/CHF gaining 0.69% to hit 1.3388.
Later in the day, the U.S. was to release industry data on service sector activity.
USD/CHF hit 0.9657 during European afternoon trade, the pair’s lowest since March 17, 2008; the pair subsequently consolidated at 0.9694, shedding 0.20%.
The pair was likely to find support at 0.9632, the pair’s all time low and resistance at 0.9842, the high of October 1.
Earlier in the day, official data showed that Swiss consumer price inflation remained flat in September, in line with expectations. The report said that the annualized rate of inflation was 0.3% in September, unchanged from August and down 0.9% from September 2009.
Meanwhile, the Swissy was down against the euro, with EUR/CHF gaining 0.69% to hit 1.3388.
Later in the day, the U.S. was to release industry data on service sector activity.