Investing.com – The U.S. dollar pared losses against the Swiss franc on Monday, as uncertainties over global financial regulations were dispelled after the meeting of the Basel Committee on Banking Supervision.
USD/CHF hit 1.0155 shedding 0.45% after clawing back up from a daily low of 1.0115.
The pair was likely to find support at 1.0060, the low of September 8 and a 9-month low and resistance at 1.0277, last Friday's high.
On Sunday, the Basel Committee on Banking Supervision agreed on new banking regulations which were less strict than expected. While the committee increased the amount of capital banks must set aside against potential losses, it gave them up to eight years to comply with the new rules.
Meanwhile, the Swissy was down against the euro with EUR/CHF gaining 0.59% to hit 1.3008.
Earlier in the day, official data showed that Switzerland's producer price index rose less-than-expected in August.
USD/CHF hit 1.0155 shedding 0.45% after clawing back up from a daily low of 1.0115.
The pair was likely to find support at 1.0060, the low of September 8 and a 9-month low and resistance at 1.0277, last Friday's high.
On Sunday, the Basel Committee on Banking Supervision agreed on new banking regulations which were less strict than expected. While the committee increased the amount of capital banks must set aside against potential losses, it gave them up to eight years to comply with the new rules.
Meanwhile, the Swissy was down against the euro with EUR/CHF gaining 0.59% to hit 1.3008.
Earlier in the day, official data showed that Switzerland's producer price index rose less-than-expected in August.