Investing.com – The U.S. dollar erased gains against the Swiss franc on Thursday, easing back from a six-day high after U.S. durable goods orders tumbled in February, a worse-than-expected result and the third fall in the past four months.
USD/CHF retreated from 0.9124, the pair’s highest since March 16 to hit 0.9058 during European afternoon trade, shedding 0.28%.
The pair was likely to find support at 0.8977, Wednesday’s low and resistance at a 0.9197, the high of March 16.
The Commerce Department said manufacturers' orders for goods designed to last at least three years fell 0.9% last month, confounding expectations for a 1.8% gain.
Orders for commercial aircraft and parts jumped 26.7% but excluding transportation, durable goods orders fell 0.6%.
The dollar was also lower against the euro, with EUR/USD climbing 0.36% to hit 1.4138.
Also Thursday, the U.S. Department of Labor said initial jobless claims fell to a seasonally adjusted 382K last week, from an upwardly revised 387K in the preceding week. Analysts had expected initial jobless claims to fall to 384K.
USD/CHF retreated from 0.9124, the pair’s highest since March 16 to hit 0.9058 during European afternoon trade, shedding 0.28%.
The pair was likely to find support at 0.8977, Wednesday’s low and resistance at a 0.9197, the high of March 16.
The Commerce Department said manufacturers' orders for goods designed to last at least three years fell 0.9% last month, confounding expectations for a 1.8% gain.
Orders for commercial aircraft and parts jumped 26.7% but excluding transportation, durable goods orders fell 0.6%.
The dollar was also lower against the euro, with EUR/USD climbing 0.36% to hit 1.4138.
Also Thursday, the U.S. Department of Labor said initial jobless claims fell to a seasonally adjusted 382K last week, from an upwardly revised 387K in the preceding week. Analysts had expected initial jobless claims to fall to 384K.