Investing.com – The U.S. dollar slipped slightly against the Swiss franc on Thursday, as traders awaited the release of key U.S. jobs data.
USD/CHF shed 0.07% to hit 1.1539, approaching a 2-day low the pair reached earlier at 1.1496. The pair was likely to find support at 1.1267, the low of May 18, and resistance at 1.1731, Tuesday’s high.
Later in the day, the data processing firm ADP was set to publish a monthly report on employment in the U.S. private sector. The U.S. Labor Department was also scheduled to release data on initial jobless claims, an important indicator of overall economic health.
The Swiss franc was down against the euro, meanwhile, with EUR/CHF shedding 0.02% to hit 1.4146.
Also Thursday, the chairman of the U.S. Federal Reserve, Ben Bernanke, was due to speak at an event in Detroit. Traders were likely to scrutinize his comments for clues to future shifts in monetary policy.
USD/CHF shed 0.07% to hit 1.1539, approaching a 2-day low the pair reached earlier at 1.1496. The pair was likely to find support at 1.1267, the low of May 18, and resistance at 1.1731, Tuesday’s high.
Later in the day, the data processing firm ADP was set to publish a monthly report on employment in the U.S. private sector. The U.S. Labor Department was also scheduled to release data on initial jobless claims, an important indicator of overall economic health.
The Swiss franc was down against the euro, meanwhile, with EUR/CHF shedding 0.02% to hit 1.4146.
Also Thursday, the chairman of the U.S. Federal Reserve, Ben Bernanke, was due to speak at an event in Detroit. Traders were likely to scrutinize his comments for clues to future shifts in monetary policy.