Investing.com - The U.S. dollar edged higher against the Swiss franc on Tuesday, but gains were limited as investors remained cautious ahead of the release of U.S. employment data later in the day.
USD/CHF hit 0.9040 during European morning trade, the session high; the pair subsequently consolidated at 0.9034, adding 0.16%.
The pair was likely to find support at 0.8968, the low of October 3 and resistance at 0.9111, the high of September 27.
Markets were jittery amid concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were eyeing the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The Swissie was lower against the euro with EUR/CHF edging up 0.09%, to hit 1.2351.
USD/CHF hit 0.9040 during European morning trade, the session high; the pair subsequently consolidated at 0.9034, adding 0.16%.
The pair was likely to find support at 0.8968, the low of October 3 and resistance at 0.9111, the high of September 27.
Markets were jittery amid concerns over the negative impact of the 16-day U.S. government shutdown on the already fragile economic recovery.
Fears over a drag on growth fuelled expectations that the Federal Reserve would delay plans to start tapering its stimulus program until at least the start of next year.
Investors were eyeing the September nonfarm payrolls report, which had been originally scheduled for release on October 4, to help assess the timing for a reduction in the Fed’s bond purchasing program.
The Swissie was lower against the euro with EUR/CHF edging up 0.09%, to hit 1.2351.