Forex - USD/CHF steady, focus on central banks

FTS-Forex Trading: The U.S. dollar was steady against the Swiss franc on Thursday, ahead of U.S. data but gains were limited as ongoing uncertainty over the Federal Reserve's stimulus program weighed broadly on demand for the greenback. 

USD/CHF hit 0.9130 during European morning trade, the pair's lowest since February 7; the pair subsequently consolidated at 0.9213, easing up 0.07%. 

The pair was likely to find support at 0.9066, the low of February 7 and resistance at 0.9286, Wednesday's high. 

European equities markets were sharply lower on Thursday, following on from sharp losses in the Asian session, as fears over the prospect of an end to central bank stimulus fuelled a broad based sell-off in risk assets and the dollar.

Earlier this week the Bank of Japan disappointed expectations for measures to ease volatility in the government bond market. The BoJ’s lack of action, along with expectations that the Federal Reserve will begin to scale back its bond buying program has fuelled widespread risk aversion. 

In Switzerland, official data showed that producer price inflation fell 0.3% in May, confounding expectations for a 0.1% rise, after a 0.2% increase the previous month. 

The Swissie was steady against the euro with EUR/CHF inching 0.02% higher, to hit 1.2283. 

Later in the day, the U.S. was to release official data on retail sales and the weekly government report on initial jobless claims.

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