Investing.com – The U.S. dollar was down against the Swiss franc on Tuesday, ahead of the release of U.S. data on the housing sector and a meeting of the Federal Reserve's policy-setting committee.
USD/CHF hit 1.0017 during European morning trade, the pair's lowest since September 16; the pair subsequently consolidated at 1.0032, shedding 0.15%.
The pair was likely to find support at 0.9946, the low of September 15 and resistance at 1.0181, the high of September 17.
Earlier in the day, official data showed that Switzerland's trade balance fell more-than-expected in August.
In a report, the Swiss Federal Statistics Office said the trade balance, or difference between imported and exported goods and services fell to CHF 0.57 billion in August, down from a revised CHF 2.84 billion in July.
Economists had expected the trade balance to fall to CHF 2.84 billion in August. The report said that exports dropped by 1.4% in August, while imports rose by 9.1% in the month.
Meanwhile, the Swissy was down against the euro, with EUR/CHF gaining 0.41% to hit 1.3179.
Later in the day, the U.S. was to release official data on building permits and housing starts, while the Federal Reserve was to announce its benchmark interest rate.
USD/CHF hit 1.0017 during European morning trade, the pair's lowest since September 16; the pair subsequently consolidated at 1.0032, shedding 0.15%.
The pair was likely to find support at 0.9946, the low of September 15 and resistance at 1.0181, the high of September 17.
Earlier in the day, official data showed that Switzerland's trade balance fell more-than-expected in August.
In a report, the Swiss Federal Statistics Office said the trade balance, or difference between imported and exported goods and services fell to CHF 0.57 billion in August, down from a revised CHF 2.84 billion in July.
Economists had expected the trade balance to fall to CHF 2.84 billion in August. The report said that exports dropped by 1.4% in August, while imports rose by 9.1% in the month.
Meanwhile, the Swissy was down against the euro, with EUR/CHF gaining 0.41% to hit 1.3179.
Later in the day, the U.S. was to release official data on building permits and housing starts, while the Federal Reserve was to announce its benchmark interest rate.