Investing.com – The U.S. dollar was down against the Swiss franc on Tuesday, touching a daily low, ahead of the release of key U.S. housing sector data.
USD/CHF hit 0.9578 during European morning trade, a daily low; the pair subsequently consolidated at 0.9579, shedding 0.17%.
The pair was likely to find support at 0.9462, the low of October 14 and an all time low and resistance at 0.9727, the high of October 12.
On Monday, official data showed industrial production in the U.S. fell unexpectedly in September, the first drop after six months of gains.
In a report, the U.S. Federal Reserve said that industrial production declined by a seasonally adjusted 0.2% in September, after rising by 0.2% in August. Analysts had expected industrial production to rise by 0.2% in September.
The report said that the capacity utilization rate remained unchanged in September.
The Swissy was also up against the euro, with EUR/CHF shedding 0.11% to hit 1.3355.
Later in the day, the U.S. was to publish official data on building permits and housing starts.
USD/CHF hit 0.9578 during European morning trade, a daily low; the pair subsequently consolidated at 0.9579, shedding 0.17%.
The pair was likely to find support at 0.9462, the low of October 14 and an all time low and resistance at 0.9727, the high of October 12.
On Monday, official data showed industrial production in the U.S. fell unexpectedly in September, the first drop after six months of gains.
In a report, the U.S. Federal Reserve said that industrial production declined by a seasonally adjusted 0.2% in September, after rising by 0.2% in August. Analysts had expected industrial production to rise by 0.2% in September.
The report said that the capacity utilization rate remained unchanged in September.
The Swissy was also up against the euro, with EUR/CHF shedding 0.11% to hit 1.3355.
Later in the day, the U.S. was to publish official data on building permits and housing starts.