Investing.com - The dollar ended the week little changed against the Swiss franc on Friday after U.S. data indicated that the economic recovery remains uneven.
USD/CHF hit a session high of 0.9242 on Friday before settling back at 0.9216 by close of trade, 0.05% higher for the day and up just 0.09% for the week.
The pair is likely to find support at 0.9166, Thursday's low and resistance at 0.9244, Thursday's high and a more than two-week high.
The New York Federal Reserve reported manufacturing in New York state expanded in February, while a survey showed a surprisingly strong rise in U.S. consumer sentiment.
The Empire State manufacturing index rebounded to 10.0 in February, from minus 7.8 in January, outstripping expectations for a reading of minus 2.
The University of Michigan said its index of consumer confidence rose to 76.3 from 73.8 in January, better than expectations for a reading of 74.8.
However, a separate report showed that industrial production in the U.S. slipped 0.1% in December after a revised 0.4% gain in December. Economists had been expecting an uptick of 0.2%.
Elsewhere, the Swiss franc slid lower against the euro on Friday, trimming gains from the previous session after data showed that the recession in the euro zone deepened in the fourth quarter.
The euro zone's economy contracted by 0.6% in the three months to December, compared to expectations for a 0.4% decline.
Germany's economy, the bloc's largest, contracted by 0.6% in the in the fourth quarter, more than expectations for a 0.5% drop on declining exports and investment.
On Monday, Swiss National Bank board member Fritz Zurbruegg said the franc was still overvalued and said that the 1.20 per euro minimum exchange rate imposed by the bank in September 2011 would remain in place for some time.
In the week ahead investors will be awaiting Wednesday's minutes of the Federal Reserve's January meeting, while Swiss trade data will also be closely watched.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. The guide skips Tuesday and Friday as there are no relevant events on these days.
Monday, February 18
Markets in the U.S. are to remain closed for the President's Day holiday.
Wednesday, February 20
Switzerland is to publish a report on ZEW economic expectations.
The U.S. is to release official data on building permits, a strong indicator of future construction activity, as well as data on housing starts. The U.S. is also to publish official data on producer prices, while the Federal Reserve is to release the minutes of its most recent policy meeting.
Thursday, February 21
Switzerland is to publish official data on the trade balance, the difference in value between imports and exports.
The U.S. is to release official data on consumer price inflation as well as the weekly government report on initial jobless claims. The U.S. is also to publish industry data on existing home sales, a report on manufacturing activity in Philadelphia and official data on crude oil stockpiles.
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