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4 Sep 2015
USD/CHF off highs, back to 0.9740
FXStreet (Edinburgh) - After climbing as high as the 0.9760 area in early trade, USD/CHF has now returned to the 0.9750/40.
USD/CHF stronger on franc
The Swiss franc is intensifying its offered tone at the end of the week, mainly after today’s releases have shown the CPI remains entrenched in the negative territory. In fact, consumer prices in the domestic economy have contracted at a monthly pace of 0.2% during August and 1.4% over the last twelve months vs. July’s -0.6% and -1.3%, respectively.
Ahead in the day, USD will be in the limelight as US Non-farm Payrolls are due. Consensus estimates the economy has added 220K during August while the unemployment rate is seen ticking lower to 5.2%.
USD/CHF relevant levels
The pair is up 0.17% at 0.9751 facing the next hurdle at 0.9796 (high Aug.18) followed by 0.9847 (high Aug.6) and finally 0.9903 (high Aug.11). On the other hand, a breakdown of 0.9698 (low Sep.4) would open the door to 0.9682 (low Sep.3) and then 0.9607 (low Sep.2).
USD/CHF stronger on franc
The Swiss franc is intensifying its offered tone at the end of the week, mainly after today’s releases have shown the CPI remains entrenched in the negative territory. In fact, consumer prices in the domestic economy have contracted at a monthly pace of 0.2% during August and 1.4% over the last twelve months vs. July’s -0.6% and -1.3%, respectively.
Ahead in the day, USD will be in the limelight as US Non-farm Payrolls are due. Consensus estimates the economy has added 220K during August while the unemployment rate is seen ticking lower to 5.2%.
USD/CHF relevant levels
The pair is up 0.17% at 0.9751 facing the next hurdle at 0.9796 (high Aug.18) followed by 0.9847 (high Aug.6) and finally 0.9903 (high Aug.11). On the other hand, a breakdown of 0.9698 (low Sep.4) would open the door to 0.9682 (low Sep.3) and then 0.9607 (low Sep.2).