Investing.com - The U.S. dollar was higher against the Swiss franc in subdued trade on Monday, as investors eyed the release of U.S. data later in the week amig ongoing uncertainty over the future of the Federal Reserve's stimulus program.
USD/CHF hit 0.9266 during European morning trade, the pair's highest since August 6; the pair subsequently consolidated at 0.9271, advancing 0.52%.
The pair was likely to find support at 0.9191, the low of August 9 and resistance at 0.9296, the high of August 6.
The greenback came under pressure against the other major currencies last week after the latest U.S. jobs report on August 2 showed that the economy added fewer jobs than expected in July.
The disappointing data saw investors reassess expectations for when the U.S. central bank would start to taper its asset purchase program.
Investors were looking ahead to Tuesday’s retail sales report, as well as speeches by senior Fed officials later in the week.
In Switzerland, the Federal Statistics Bureau said that retail sales rose to a seasonally adjusted annual rate of 2.3%, from 1.5% the previous month whose figure was revised down from 1.8%.
Analysts had expected retail sales to remain unchanged at 1.8% last month.
The Swissie was lower against the euro with EUR/CHF edging up 0.15%, to hit 1.2323.
USD/CHF hit 0.9266 during European morning trade, the pair's highest since August 6; the pair subsequently consolidated at 0.9271, advancing 0.52%.
The pair was likely to find support at 0.9191, the low of August 9 and resistance at 0.9296, the high of August 6.
The greenback came under pressure against the other major currencies last week after the latest U.S. jobs report on August 2 showed that the economy added fewer jobs than expected in July.
The disappointing data saw investors reassess expectations for when the U.S. central bank would start to taper its asset purchase program.
Investors were looking ahead to Tuesday’s retail sales report, as well as speeches by senior Fed officials later in the week.
In Switzerland, the Federal Statistics Bureau said that retail sales rose to a seasonally adjusted annual rate of 2.3%, from 1.5% the previous month whose figure was revised down from 1.8%.
Analysts had expected retail sales to remain unchanged at 1.8% last month.
The Swissie was lower against the euro with EUR/CHF edging up 0.15%, to hit 1.2323.