Investing.com – The safe haven Swiss franc strengthened against the U.S. dollar on Tuesday, rising to a three-week high after Japan upgraded the severity of its nuclear crisis to the same level as the 1986 Chernobyl disaster
USD/CHF hit 0.9011 during European morning trade, the pair’s lowest since March 23; the pair subsequently consolidated at 0.9015, shedding 0.54%.
The pair was likely to find support at 0.8960, the low of March 17 and resistance at 0.9104, Monday’s high.
Earlier in the day, Japan's Nuclear and Industrial Safety Agency said that based on cumulative levels of radiation released, the severity of the nuclear crisis had been raised to seven, the worst on an internationally recognized scale.
It had previously been put at a five rating, on a par with the 1979 Three Mile Island incident in the United States. The announcement came as fresh aftershocks struck north-eastern Japan.
The Swissie was also higher against the euro, with EUR/CHF shedding 0.40% to hit 1.3034.
Later Tuesday, the U.S. was to release government data on its trade balance and the federal budget balance.
USD/CHF hit 0.9011 during European morning trade, the pair’s lowest since March 23; the pair subsequently consolidated at 0.9015, shedding 0.54%.
The pair was likely to find support at 0.8960, the low of March 17 and resistance at 0.9104, Monday’s high.
Earlier in the day, Japan's Nuclear and Industrial Safety Agency said that based on cumulative levels of radiation released, the severity of the nuclear crisis had been raised to seven, the worst on an internationally recognized scale.
It had previously been put at a five rating, on a par with the 1979 Three Mile Island incident in the United States. The announcement came as fresh aftershocks struck north-eastern Japan.
The Swissie was also higher against the euro, with EUR/CHF shedding 0.40% to hit 1.3034.
Later Tuesday, the U.S. was to release government data on its trade balance and the federal budget balance.