(RTTNews) - The Swiss franc showed mixed performance against other major opponents during North American session on Tuesday. The franc rose to a fresh record high against the euro, but it fell to a 4-day low against the yen. Meanwhile, the franc recovered its recent losses against the U.S. dollar and extended previous session's choppy trading against the pound.
In economic news, UBS bank's consumption indicator for Switzerland rose only slightly in May. The consumption indicator stood at 1.74 in May, up from a revised 1.73 in April, the bank said on Tuesday. The indicator signals private consumption trends in Switzerland with a lead of about three months of the official figures.
The Swiss franc has been extending its rally against the common currency of Europe in North American session on Tuesday. As of now, the franc is trading at a fresh record high of 1.3225 against the euro, compared to previous day's close of 1.3347.
From the euro-zone, some economic reports released today including the French consumer confidence index for June and the Euro-zone economic, consumer, business and industrial confidence reports for June had an impact on the euro's move.
The Swiss franc recovered its recent losses against the U.S. dollar during North American session on Tuesday. Moving up from a low of 1.0905 hit during European session, the franc rose to 1.0849 against the dollar at 9:25 am ET. At present, the franc is worth 1.0858 against the greenback with near term support around the 1.090 level.
Market moving data released from the U.S., includes consumer confidence data for June and the S&P/Case-Shiller home price index for April. These reports failed to make any impact on the greenback.
The franc-yen pair is now trading at a fresh 4-day low of 81.30, down 1.15%, over yesterday's close 82.25. If the franc slips further, it may target around the 80.80 level.
Japan's unemployment rate rose for the third straight month in May, up a seasonally adjusted 0.1 percentage point from April to 5.2%, the Internal Affairs Ministry reported today. This was slightly higher than forecasts for 5%, following the 5.1% rise in April. The number of employed persons eased 0.7% on year to 62.95 million.
Meanwhile, a separate report from the Ministry of Economy, Trade and Industry showed that industrial production in Japan fell a seasonally adjusted 0.1% in May from the previous month. This was below expectations for a flat reading following the 1.3% increase in April.
