Forexpros - The U.S. dollar was fractionally lower against the Swiss franc in cautious trade on Thursday, as investors anticipated a speech by Federal Reserve Chairman Ben Bernanke at a symposium in Jackson Hole, Wyoming on Friday. USD/CHF hit 0.9559 during European morning trade, the session low; the pair subsequently consolidated at 0.9576, dipping 0.08%. The pair was likely to find support at 0.9537, the low of August 23 and a seven-week low and resistance at 0.9620, the high of August 24. Investors remained cautious ahead of Bernanke’s speech, amid ongoing speculation over how close the Fed may be to implementing more economic stimulus measures. Revised data on Wednesday showed that the U.S. economy expanded by 1.7% in the second quarter, up from the initial estimate of 1.5% and in line with expectations, on the back of higher consumer spending. A separate report showed that U.S. pending home sales rose to the highest level since April 2010 in July, increasing by 2.4% after declining 1.4% the previous month. In the euro zone, Italy saw borrowing costs ease at an auction of five and 10-year bonds, reflecting expectations that the European Central Bank is working on measures to help stabilize the euro zone's sovereign debt markets ahead of its upcoming meeting on September 6. The Swissie was little changed against the euro, with EUR/CHF dipping 0.01% to 1.2009. Later in the day, the U.S. was to release official data on personal income as well as a weekly report on jobless claims.

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