Investing.com - The U.S. dollar was slightly lower against the Swiss franc on Thursday, as market sentiment remained supported ahead of a string of U.S. data later in the session.
USD/CHF hit 0.9292 during European early afternoon trade, the pair subsequently consolidated at 0.9308, shedding 0.16%.
The pair was likely to find support at 0.9258, Tuesday’s low and resistance at 0.9330, the session high.
Market sentiment was boosted after official data showed that the U.K. exited a recession in the third quarter with the economy expanding by 1.00%, the fastest rate of growth since the third quarter of 2007.
Meanwhile, the Federal Reserve said Wednesday the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.
The central bank also said it planned to keep its benchmark short-term rate close to zero through mid-2015.
Market participants remained cautious as they as they awaited any indication that Spain is moving closer to formally requesting a bailout from its euro zone partners and activating the European Central Bank’s bond purchasing plan.
The Swissie was little changed against the euro, with EUR/CHF dipping 0.01% to 1.2094.
Later Thursday, the U.S. was to release official data on durable goods orders, as well as reports on pending home sales and initial jobless claims.
USD/CHF hit 0.9292 during European early afternoon trade, the pair subsequently consolidated at 0.9308, shedding 0.16%.
The pair was likely to find support at 0.9258, Tuesday’s low and resistance at 0.9330, the session high.
Market sentiment was boosted after official data showed that the U.K. exited a recession in the third quarter with the economy expanding by 1.00%, the fastest rate of growth since the third quarter of 2007.
Meanwhile, the Federal Reserve said Wednesday the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.
The central bank also said it planned to keep its benchmark short-term rate close to zero through mid-2015.
Market participants remained cautious as they as they awaited any indication that Spain is moving closer to formally requesting a bailout from its euro zone partners and activating the European Central Bank’s bond purchasing plan.
The Swissie was little changed against the euro, with EUR/CHF dipping 0.01% to 1.2094.
Later Thursday, the U.S. was to release official data on durable goods orders, as well as reports on pending home sales and initial jobless claims.