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USD/CHF pushes higher after US data, but keeps the range

FXStreet (Córdoba) - USD/CHF pushed higher, moving closer to the 0.9700 band as the dollar strengthened in the wake of better-than-expected US retail sales figures.

US retail sales rose 0.3% from in October versus expectations of a 0.2% increase, as well as excluding autos. Separated data showed US import prices fell 1.3% from September versus a 1.5% drop expected.

USD/CHF jumped to a high of 0.9688 after the release, recording its highest in three days, but lacked momentum to reach the 0.97 mark and remained well-within its weekly range. At time of writing, the pair is trading at 0.9675, up 0.44% on the day and on track to post its fourth weekly gain in a row.

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