Investing.com – The U.S. dollar was up against the Swiss franc on Tuesday, rising to a daily high, after official data showed that Switzerland’s unemployment rate remained unchanged, despite expectations of a decline.
USD/CHF hit 1.0138 during European morning trade, a daily high; the pair subsequently consolidated at 1.0126, gaining 0.02%.
The pair was likely to find support at 1.0064, the low of September 1 and a 9-month low, and resistance at 1.0238, the high of September 3.
Earlier in the day, a report from the Swiss State Secretariat for Economic Affairs said the rate of unemployment held steady at a seasonally adjusted 3.8% in August.
Analysts had expected the Swiss unemployment rate to decline to 3.7% in August.
According to the report, the total number of unemployed people in Switzerland rose to 142,900 in August.
Meanwhile, the Swissy was up against the euro, with EUR/CHF shedding 0.82% to hit 1.2927.
USD/CHF hit 1.0138 during European morning trade, a daily high; the pair subsequently consolidated at 1.0126, gaining 0.02%.
The pair was likely to find support at 1.0064, the low of September 1 and a 9-month low, and resistance at 1.0238, the high of September 3.
Earlier in the day, a report from the Swiss State Secretariat for Economic Affairs said the rate of unemployment held steady at a seasonally adjusted 3.8% in August.
Analysts had expected the Swiss unemployment rate to decline to 3.7% in August.
According to the report, the total number of unemployed people in Switzerland rose to 142,900 in August.
Meanwhile, the Swissy was up against the euro, with EUR/CHF shedding 0.82% to hit 1.2927.
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