The US dollar appreciated by more than 0.5 percent to a 4-day high of 0.9307 against its Swiss counterpart around 6:00 am ET Tuesday from early Asian session's fresh 5-week low of 0.9257.
The greenback-franc pair is poised to pierce the resistance line above the 0.9350 area, at which a channel support had broken last week after fairly showing consolidation in the past two and half months.
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.