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USD/CHF hits fresh daily lows after US PMI

FXStreet (Córdoba) - USD/CHF gapped higher at the weekly opening and printed a 2-week high before pulling back and filling the gap in the process.

USD/CHF peaked at 0.9725 during the Asian session and slid back below 0.9700 toward a low of 0.9674 in recent dealings. At time of writing, the pair is trading at 0.9680, down 0.14% on the day, with the latest string of US data weighing slightly on the dollar.

US Markit services PMI dropped to 56.3 in November from 57.1 the previous month and versus 56.8 expected. The composite index fell to 56.1 versus 57.2 in October.

Flash US services PMI prints at lowest level since April

The seasonally adjusted Markit Flash US Services PMI Business Activity Index registered 56.3 in November, down from 57.1 in the previous month and the lowest reading since April.
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WTI Crude declines 0.60%

Crude oil prices in the US declined as the investors weighed the outcome of the OPEC meeting on Nov. 27.
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