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USD/CHF revisits daily lows

The USD/CHF pair turns negative at 0.9647, testing daily lows reached at 0.9643 in early Asia. The major came under renewed selling pressure in the last hour largely on the back of stalling US dollar recovery from five-month lows versus its six major competitors. The USD index gains 0.13% to 94.92, versus 0.23% seen earlier today.
The immediate focus now remains on Swiss retail sales due out shortly ahead of the US datasets due later in the NY session. Besides, SNB board member Maechler’s speech will be closely heard for fresh insights on the central banks’ take on the CHF level.


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