CHF/USD Fundamental Outlook at 1500 GMT (EST + 0500)

CHF/USD Fundamental Outlook at 1500 GMT (EST + 0500)

 @ibtimes on January 19 2009 2:41 PM

The Swiss franc depreciated vis-à-vis the U.S. dollar today as the greenback tested offers around the CHF 1.1345 level and was supported around the CHF 1.1120 level. Data released in Switzerland today saw November retail sales fall 1.4% on an inflation-adjusted basis. Swiss National Bank is expected to keep monetary policy ease for the remainder of the year. U.S. dollar offers are cited around the CHF 1.1550 level. The euro moved higher vis-à-vis the Swiss franc as the single currency tested offers around the CHF 1.4925 level while the British pound came off vis-à-vis the Swiss franc and tested bids around the CHF 1.6340 level.

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