Dollar falls to two-month low against Swiss franc

ForexNewsNow | Published on December 22, 2010 at 3:39 am

Swiss flagNEW YORK (Forex News Now) – The dollar fell to a two-month low against the Swiss franc on Wednesday as investors worried about the ongoing euro debt zone crisis shifted their funds.

In early European currency market trading, the dollar traded at 0.9544 at around 8:30 A.M., GMT, a fall of 0.38% for the day.

The greenback fell to a session low of 0.9532 as the swissy also rose against all of its other major counterparts.

According to USD/CHF analysis, the dollar was likely to touch key support around the Oct. 15 low of 0.9485 and to encounter key resistance around yesterday’s high of 0.9652.

The currency pair was also being traded as investors awaited the release of quarterly US GDP figures later in the day.

Elsewhere, the swissy rose steadily against the euro: EUR/CHF traded at 1.2537, down 0.11% in intraday analysis.



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