Forex - USD/CHF edges higher but gains limited after Japan quake
Investing.com
Published Apr 11, 2011 05:39AM ET
USD/CHF hit 0.9063 during European morning trade, the daily high; the pair subsequently consolidated at 0.9086, easing up 0.25%.
The pair was likely to find support at 0.8977, the low of March 23 and resistance at 0.9168, Friday’s high.
Earlier in the day, the 7.1-magnitude tremor triggered a brief tsunami warning, and forced workers to evacuate the crippled Fukushima nuclear plant. The epicenter of the quake was in Fukushima prefecture and struck at a depth of just 10 kilometers.
It came as Japan said it was extending the evacuation zone around the nuclear plant because of radiation concerns. Early indications suggest the plant has not sustained further damage in the latest quake.
Meanwhile, the Swissie was fractionally lower against the euro, with EUR/CHF edging up 0.06% to hit 1.3136.
Later in the day, the Federal Reserve Bank of Chicago President Charles Evans was to speak. Also Monday, Federal Reserve Governor Janet Yellen was to speak.
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Written By: Investing.com
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