Forex - USD/CHF climbs after mixed Swiss data

Forex Pros – The U.S. dollar rose against the Swiss franc on Thursday, halting a 1-month decline in the wake of mixed economic data from Switzerland and ahead of key reports on U.S. unemployment and inflation.

USD/CHF hit 1.0595 during European morning trade, a 2-day high; the pair subsequently consolidated around 1.0581, gaining 0.39%.

The pair was likely to find resistance at 1.0898, the high of Feb. 19, and support at 1.0368, the low of Jan. 25.

Earlier Thursday, official data showed that Swiss industrial production rose 6.4% in the fourth quarter, beating forecasts of more modest growth of 5%. But a Swiss government report also showed that the country's trade balance fell further than expected in February.

Later in the day, the U.S. was due to publish key monthly CPI data and weekly data on initial jobless claims, as well as a report on the country's current account.

Meanwhile, the Federal Reserve Bank of Philadelphia was to release a closely watched measure of manufacturers' views regarding the outlook for their sector.