24 Nov 2014
USD/CHF hits fresh daily lows after US PMI
FXStreet (Córdoba) - USD/CHF gapped higher at the weekly opening and printed a 2-week high before pulling back and filling the gap in the process.
USD/CHF peaked at 0.9725 during the Asian session and slid back below 0.9700 toward a low of 0.9674 in recent dealings. At time of writing, the pair is trading at 0.9680, down 0.14% on the day, with the latest string of US data weighing slightly on the dollar.
US Markit services PMI dropped to 56.3 in November from 57.1 the previous month and versus 56.8 expected. The composite index fell to 56.1 versus 57.2 in October.
USD/CHF peaked at 0.9725 during the Asian session and slid back below 0.9700 toward a low of 0.9674 in recent dealings. At time of writing, the pair is trading at 0.9680, down 0.14% on the day, with the latest string of US data weighing slightly on the dollar.
US Markit services PMI dropped to 56.3 in November from 57.1 the previous month and versus 56.8 expected. The composite index fell to 56.1 versus 57.2 in October.