Forex - USD/CHF steady after disappointing Swiss retail sales
USD/CHF hit 0.9366 during European morning trade, the session low; the pair subsequently consolidated at 0.9369, dipping 0.05%.
The pair was likely to find support at 0.9314, the low of September 2 and resistance at 0.9456, the high of September 6 and a nearly two-month high.
Official data showed that Swiss retail sales rose by an annualized rate of 0.8% in July, below expectations for a 3.2% increase, after a 2.3% rise the previous month.
Meanwhile, the greenback remained under pressure after lower-than-expected U.S. nonfarm on Friday dampened expectations that the Federal Reserve could start to pull back stimulus measures later this month.
Separately, concerns over a possible conflict in Syria persisted after Syrian President Bashar al-Assad over the weekend denied authorizing a chemical weapons attack on his own citizens.
The comments came as the U.S. government was set to vote this week on President Barack Obama's proposal to launch a missile strike.
The Swissie was steady against the euro with EUR/CHF inching up 0.02%, to hit 1.2359.
The euro found support after the Sentix index of euro zone investor confidence rose to a six month high of 6.5 in September, up from minus 4.9 last month. Analysts had forecast a reading of minus 2.8.
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