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USD/CHF consolidating around 0.9540

FXStreet (Córdoba) - European currencies remained steady against the US dollar, trading around Tuesday’s closing price, ahead of the release of important economic data from the United States. Since the beginning of the day USD/CHF has been hovering around 0.9540.

Currently the pair is approaching daily lows that lie at 0.9529, as Greenback pulls back versus european currencies, and trades at 0.9534, slightly below today’s opening price.

USD/CHF is consolidating after rising yesterday, rebounding from 0.9460/70, that is a key short term support area. On Asian hours peaked at 0.9560, reaching the highest prices since Monday but quickly retreated toward 0.9440/50.

USD/JPY hovering over 107.20

The USD is trading without any clear direction on Wednesday, keeping USD/JPY in a narrow range between 107.10 and 107.50...
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