19 Feb 2015
USD/CHF falters ahead of 0.9500
FXStreet (Córdoba) - USD/CHF pulled back after hitting fresh recovery highs at the beginning of the American session, as the dollar surrenders some gains across the board.
Following upbeat jobless claims data, US leading index and Philly Fed manufacturing activity index came in below expectations, weighing slightly on the greenback. USD/CHF retreated from a high of 0.9490, but with the downside contained by the 0.9450, the pair is currently trading at 0.9460, still up 0.41% on the day.
The Swiss National Bank is rumoured to have been intervening in USD/CHF, helping to drive it to its highest level since the EUR/CHF floor was removed on Jan 15.
Following upbeat jobless claims data, US leading index and Philly Fed manufacturing activity index came in below expectations, weighing slightly on the greenback. USD/CHF retreated from a high of 0.9490, but with the downside contained by the 0.9450, the pair is currently trading at 0.9460, still up 0.41% on the day.
The Swiss National Bank is rumoured to have been intervening in USD/CHF, helping to drive it to its highest level since the EUR/CHF floor was removed on Jan 15.