USD/CHF eases to 0.8130 as Swiss franc stays supported
USD/CHF pulled back to around 0.8130 during European trading on Thursday after three days of gains, with the Swiss franc holding firm following Swiss producer and import price data.
USD/CHF traded around 0.8130 during European hours on Thursday, giving back some ground after three consecutive sessions of gains. The pair held losses as the Swiss franc remained firm following the release of Swiss Producer and Import Prices data.
The Swiss currency found support from the domestic price report, keeping pressure on the dollar-franc pair during the session. The update signaled a stronger franc against the dollar, leaving USD/CHF on the back foot.
The move marks a pause after the earlier three-day rise in USD/CHF, with the pair holding near the 0.8130 level in European trading.
Source: FXStreet Forex News