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USD/CHF struggling to consolidate above 0.9210

FXstreet.com (Chicago) – USD/CHF continues struggling to get ahead immediate resistance at critical 0.9210 zone. The pair stumbled on US housing market data and failed to recover losses on several attempts.

What to expect?

Wall Street closed with gains with the Dow up 0.31%, the Nasdaq up 0.52% and the S&P500 higher 0.39% after housing market data disappointed in the US, sending the pair below the 0.92 zone as well as pulling down US yields. Earlier in Europe, the Swiss Market Index had closed up 0.23% ahead of the Jackson Hole Symposium conclusions on worldwide economic state of affairs and …read more