Investing.com – The U.S. dollar was up against the Swiss franc on Thursday, holding onto early gains, following the release of a flurry of mixed Swiss economic data.
USD/CHF hit 0.9682 during European morning trade, the daily high; the pair subsequently consolidated at 0.9632, gaining 0.15%.
The pair was likely to find support at 0.9462, the low of October 14 and the all time low and resistance at 0.9756, Tuesday’s high.
Earlier in the day, the ZEW Centre for European Economic Research said its index of Swiss economic expectations declined significantly in September, falling to -27.5 after dropping to -5.1 in August. On the index, a level above zero indicates optimism, below indicates pessimism.
Also Thursday, official data showed that Switzerland’s trade surplus rose more-than-expected in September. In a report, the Swiss Federal Statistics Office said that the country’s trade surplus rose to CHF 1.69 billion, after rising to a revised CHF 0.58 billion in August.
Analysts had expected the Swiss trade surplus to rise to CHF 1.22 billion in September.
The Swissy was also down against the euro, with EUR/CHF gaining 0.50% to hit 1.3496.
Later in the day, the U.S. was to release official data on initial jobless claims as well as key manufacturing data.
USD/CHF hit 0.9682 during European morning trade, the daily high; the pair subsequently consolidated at 0.9632, gaining 0.15%.
The pair was likely to find support at 0.9462, the low of October 14 and the all time low and resistance at 0.9756, Tuesday’s high.
Earlier in the day, the ZEW Centre for European Economic Research said its index of Swiss economic expectations declined significantly in September, falling to -27.5 after dropping to -5.1 in August. On the index, a level above zero indicates optimism, below indicates pessimism.
Also Thursday, official data showed that Switzerland’s trade surplus rose more-than-expected in September. In a report, the Swiss Federal Statistics Office said that the country’s trade surplus rose to CHF 1.69 billion, after rising to a revised CHF 0.58 billion in August.
Analysts had expected the Swiss trade surplus to rise to CHF 1.22 billion in September.
The Swissy was also down against the euro, with EUR/CHF gaining 0.50% to hit 1.3496.
Later in the day, the U.S. was to release official data on initial jobless claims as well as key manufacturing data.