Forex: USD/CHF Visiting 0.9248

on Jun 14, 2013

The pair started the day’s trading (in Asia) at 0.9233 and has since recorded a session high at 0.9255 so far. Currently the quote is active around 0.9245/50.

The US Producer Price Index for May y/y and current account data for the first quarter of 2013 are due to be released later in the day.
Yesterday, Switzerland’s Federal Statistical Office reported that Swiss producer price inflation fell 0.3 percent May y/y compared with expectations for a 0.2 percent rise. The unanticipated drop was attributed to declines in crude oil and petroleum products pricing.
Following the release, the USD/CHF hit a 0.9129 daily low, the quote’s lowest price since February 7.

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CHF Forex