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May 27, 2012 02:46AM GMT
     
 
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Forex - USD/CHF up on economic data

By   |  Forex News  |  Feb 10, 2012 08:30AM GMT  |  Add a Comment
 
Forexpros - The U.S. Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on CPI.

USD/CHF was trading at 0.9124, up 0.07% at time of writing.

The pair was likely to find support at 0.9090, Thursday’s low, and resistance at 0.9263, Monday’s high.

Earlier in the day, official data showed that Consumer price inflation in Switzerland fell more-than-expected to a seasonally adjusted -0.4% last month from -0.2% in the preceding month.

Analysts had expected Swiss consumer price inflation to fall -0.3% last month.

Meanwhile, the U.S. Dollar was up against the Euro and down against the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.3261 and USD/JPY falling 0.13% to hit 77.57.


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