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1 Jun 2015
USD/CHF trims daily gains
FXStreet (Córdoba) - USD/CHF pulled back from daily highs and cut intraday gains as the greenback recedes across the board following below expectations US personal income/spending data.
USD/CHF found resistance at the 0.9480 area and fell all the way back toward 0.9402 before finding support. At time of writing, the pair is trading at 0.9410, still up 0.16% on the day.
On the data front, US personal income rose by 0.4% in April (0.3% exp), while personal spending was flat (+0.2%) expected. The PCE price index was also flat, while core PCE rose by 0.1%, slightly below the 0.2% expected. On annual basis, PCE rose 0.1% while the core index increased by 1.2%.
Attention now turns to ISM manufacturing PMI., expected to come in at 52.0 in May following a 51.5 print the previous month.
USD/CHF found resistance at the 0.9480 area and fell all the way back toward 0.9402 before finding support. At time of writing, the pair is trading at 0.9410, still up 0.16% on the day.
On the data front, US personal income rose by 0.4% in April (0.3% exp), while personal spending was flat (+0.2%) expected. The PCE price index was also flat, while core PCE rose by 0.1%, slightly below the 0.2% expected. On annual basis, PCE rose 0.1% while the core index increased by 1.2%.
Attention now turns to ISM manufacturing PMI., expected to come in at 52.0 in May following a 51.5 print the previous month.