FXstreet.com (Barcelona) - The USD/CHF is trading mostly above the opening price line, above 0.9468, but it has been difficult to move successfully above 0.9480. German PPI contracted -0.1% in February instead of improving +0.2% as expected. The annualized data eased from 1.7% to 1.2%, below the 1.5% consensus.
EMU current account is due at 09:00 GMT and experts expect a narrower surplus in January, from €13.9B to €7.9B.
UBS analysts are bullish: “While important support at 0.9359 holds, there is potential for resumption of strength”, wrote analyst Gareth Berry, pointing to initial resistance at 0.9567, which break above would open 0.9636.