Investing.com - The U.S. dollar was higher against the Swiss
franc on Monday, as political turmoil in Spain dampened market
sentiment, although last week's upbeat euro zone data continued to
USD/CHF hit 0.9110 during European morning trade, the pair's
highest since January 31; the pair subsequently consolidated at
0.9106, rising 0.34%.
The pair was likely to find support at 0.9076, the session low and
resistance at 0.9121, the high of January 31.
Sentiment weakened as Spanish Prime Minister Mariano Rajoy faced
calls to resign, following corruption allegations against him and
senior officials in the ruling Popular Party.
Prime Minister Rajoy strongly denied the corruption allegations in
a statement on Saturday.
Markets were also jittery after French Finance Minister Pierre
Moscovici warned that the euro was too strong following its recent
But investor confidence remained supported after data on Friday
showed that manufacturing activity in the euro zone improved in
January, while inflation and unemployment stabilized, underlining
the view that the crisis in the region has turned a corner.
Elsewhere, the Swissie was fractionally higher against the euro
with EUR/CHF inching down 0.07%, to hit 1.2374.
Later in the day, the U.S. was to release official data on factory
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