Investing.com – The U.S. dollar edged lower against the Swiss franc on Tuesday, to hover just above a nine month low, as risk sentiment remained weak.
USD/CHF hit 0.9811 during European afternoon trade, the pair's lowest since last Friday; the pair subsequently consolidated at 0.9837, shedding 0.14%.
The pair was likely to find support at 0.9778, last Friday's low and a nine month low and resistance at 0.9981, the high of September 22.
Earlier in the day, Switzerland's UBS said that its consumption indicator continued to rise in September. The broad based economic indicator rose to 1.95 in September after climbing to a revised 1.88 in August.
The UBS Consumption Indicator signals private consumption trends in Switzerland. At 57%, private consumption is by far the most important component of Swiss GDP.
Meanwhile, the Swissy was down against the euro, with EUR/CHF gaining 0.07% to hit 1.3266.
Later Tuesday, the U.S. was to release official data on house prices as well as a report on consumer confidence.
USD/CHF hit 0.9811 during European afternoon trade, the pair's lowest since last Friday; the pair subsequently consolidated at 0.9837, shedding 0.14%.
The pair was likely to find support at 0.9778, last Friday's low and a nine month low and resistance at 0.9981, the high of September 22.
Earlier in the day, Switzerland's UBS said that its consumption indicator continued to rise in September. The broad based economic indicator rose to 1.95 in September after climbing to a revised 1.88 in August.
The UBS Consumption Indicator signals private consumption trends in Switzerland. At 57%, private consumption is by far the most important component of Swiss GDP.
Meanwhile, the Swissy was down against the euro, with EUR/CHF gaining 0.07% to hit 1.3266.
Later Tuesday, the U.S. was to release official data on house prices as well as a report on consumer confidence.