US dollar edged higher versus the Swiss franc on Wednesday, as investors were focusing on the series of vital economic indicators, expected to be released later today.
USD/CHF pair went as high as 0.9496 during European trade, highest for the current session, after which consolidation followed at 0.9487. The cross was up by 0.18% for the day. Support was expected at June 3rd low, 0.9409, while resistance was to be encountered at June 3rd high, 0.9624.
Investors await the US private sector jobs report by ADP later today in search for signs of possible development, regarding non-farm payrolls data, that is expected on Friday.
Monday data showed that activity in manufacturing sector in the United States shrank for the first time in six months during May, which dimmed expectations that FED will embark on a scale back of its bond purchasing program some time later this year.
The Swiss franc was lower against the euro, with EUR/CHF pair up by 0.09% to 1.2398.
The euro was on lower levels, after official report stated that the Final Services PMI in the Euro zone remained below 50.0 level, at 47.2 during May, slowing down in comparison with the preceding period, when the reading showed 47.5. Experts projected a PMI value of 47.5.
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