Forex – USD/CHF Hits Fresh Record Low After Soft ADP Data
Posted on May 04, 2011 at 08:49 AM EDT
Forex Pros – The U.S. dollar slid to a fresh record low against the Swiss franc on Wednesday, after industry data showed that U.S. private sector employment increased less-than-expected in April.<br /><br />USD/CHF hit 0.8587 during European afternoon trade, the pair’s all-time low; the pair subsequently consolidated at 0.8589, shedding 0.26%.<br /><br />The pair was [...]