Investing.com - The U.S. dollar edged down against the Swiss franc on Tuesday, hovering near 19-month lows as the greenback weakened broadly after the U.S. government began a partial shutdown.
USD/CHF hit 0.8992 during European morning trade, the pair's lowest since February 29, 2012; the pair subsequently consolidated at 0.9043, slipping 0.14%.
The pair was likely to find support at 0.8936, the low of February 29, 2012 and resistance at 0.9111, the high of September 27.
The dollar came under pressure as the U.S. government began a partial shutdown after lawmakers failed to reach an agreement on a new budget. It is the first partial government shutdown in the U.S. for 17 years.
Republicans have insisted on delaying the implementation of President Obama's health care reforms as a condition for passing the budget.
In Switzerland, data showed that the SVME purchasing managers' index rose to 55.3 in September, from a reading of 54.6 the previous month. Analysts had expected the index to rise to 55.4 last month.
The Swissie was lower against the euro with EUR/CHF adding 0.11%, to hit 1.2249
Also Tuesday, data showed that the final reading of the euro zone manufacturing PMI was unchanged at 51.1 in September, in line with forecasts.
A separate report showed that the number of unemployed people in Germany rose for the second consecutive month in September, while the country’s jobless rate rose to 6.9% from 6.8% in August.
USD/CHF hit 0.8992 during European morning trade, the pair's lowest since February 29, 2012; the pair subsequently consolidated at 0.9043, slipping 0.14%.
The pair was likely to find support at 0.8936, the low of February 29, 2012 and resistance at 0.9111, the high of September 27.
The dollar came under pressure as the U.S. government began a partial shutdown after lawmakers failed to reach an agreement on a new budget. It is the first partial government shutdown in the U.S. for 17 years.
Republicans have insisted on delaying the implementation of President Obama's health care reforms as a condition for passing the budget.
In Switzerland, data showed that the SVME purchasing managers' index rose to 55.3 in September, from a reading of 54.6 the previous month. Analysts had expected the index to rise to 55.4 last month.
The Swissie was lower against the euro with EUR/CHF adding 0.11%, to hit 1.2249
Also Tuesday, data showed that the final reading of the euro zone manufacturing PMI was unchanged at 51.1 in September, in line with forecasts.
A separate report showed that the number of unemployed people in Germany rose for the second consecutive month in September, while the country’s jobless rate rose to 6.9% from 6.8% in August.