Investing.com - The U.S. dollar was higher against the Swiss franc on Monday, as renewed concerns over the outlook for growth boosted demand for the safe haven greenback.
USD/CHF hit 0.9314 during European morning trade, the session high; the pair subsequently consolidated at 0.9301, adding 0.30%.
The pair was likely to find support at 0.9266, the low of April 12 and resistance at 0.9340, the high of April 11.
The Chinese economy expanded by 7.7% year-on-year in the three months to March, down from 7.9% in the fourth quarter and undershooting expectations for 8.0% growth.
Separate reports showed that Chinese industrial production also came in below expectations, while retail sales rose slightly more than forecast.
The data reinforced concerns over the outlook for global growth after data on Friday showed that U.S. retail sales fell 0.4% in March, the largest decline in nine months.
The Swissie was fractionally higher against the euro with EUR/CHF edging down 0.07%, to hit 1.2150.
Later in the day, the U.S. was to release data on manufacturing activity in New York state.
USD/CHF hit 0.9314 during European morning trade, the session high; the pair subsequently consolidated at 0.9301, adding 0.30%.
The pair was likely to find support at 0.9266, the low of April 12 and resistance at 0.9340, the high of April 11.
The Chinese economy expanded by 7.7% year-on-year in the three months to March, down from 7.9% in the fourth quarter and undershooting expectations for 8.0% growth.
Separate reports showed that Chinese industrial production also came in below expectations, while retail sales rose slightly more than forecast.
The data reinforced concerns over the outlook for global growth after data on Friday showed that U.S. retail sales fell 0.4% in March, the largest decline in nine months.
The Swissie was fractionally higher against the euro with EUR/CHF edging down 0.07%, to hit 1.2150.
Later in the day, the U.S. was to release data on manufacturing activity in New York state.