Investing.com - The U.S. dollar was almost unchanged against the
Swiss franc on Tuesday, but remained supported as weak euro zone
economic reports added to concerns over the handling of the
financial crisis in the region.
USD/CHF hit 0.9444 during European trade, the pair's lowest since
March 25; the pair subsequently consolidated at 0.9460, easing
The pair was likely to find support at 0.9417, the low of March 18
and resistance at 0.9504, the high of March 26.
In the euro zone, official data showed that the unemployment rate
rose to an all-time high of 12% in February compared with an
original estimate of 11.9% for January, which was revised up to
A separate report showed that the euro zone's manufacturing
purchasing managers' index ticked up to 46.8 in March, from a final
reading of 46.6 the previous month, still substantially below the
50 mark that separates growth from contraction.
Meanwhile, a report showed that the SVME manufacturing PMI for
Switzerland dropped to 48.3 in March, from 50.8 in February,
missing expectations for a reading of 50.2.
The Swissie was higher against the euro with EUR/CHF edging down
0.12%, to hit 1.2149.
Later in the day, the U.S. was to release a government report on
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