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14 Jan 2015
USD/CHF retreats further after US data
FXStreet (Córdoba) - USD/CHF fell sharply and retraced intraday gains at the beginning of the New York session after data showed US retail sales unexpectedly fell in December.
The dollar was pressured and retreated from 4 ½-year highs versus the swissy after data showed US retail sales dropped 0.9% last month, versus -0.1% expected, while excluding autos sales were down 1.0% against a flat reading of consensus. Meanwhile, separated data showed import prices dropped 2.5% in December versus 2.9% expected.
USD/CHF slid to a low of 1.0150, extending a pullback from a peak of 1.0239 scored earlier on the day. At time of writing, the pair is trading at 1.0160, recording a 0.38% loss on the day.
The dollar was pressured and retreated from 4 ½-year highs versus the swissy after data showed US retail sales dropped 0.9% last month, versus -0.1% expected, while excluding autos sales were down 1.0% against a flat reading of consensus. Meanwhile, separated data showed import prices dropped 2.5% in December versus 2.9% expected.
USD/CHF slid to a low of 1.0150, extending a pullback from a peak of 1.0239 scored earlier on the day. At time of writing, the pair is trading at 1.0160, recording a 0.38% loss on the day.