The USD/CHF pair edges lower during the early North American session and is now flirting with the daily low, around the 0.9600 round-figure mark, or a multi-week low set on Monday.
Pressure from the pair comes from the US dollar creeping lower on Wednesday amid some repositioning trade ahead of the highly-anticipated FOMC monetary policy decision.
This is turning out to be a key factor exerting pressure on the USD/CHF pair for the second successive day. The intraday downtick seems unaffected by better-than-expected US macro data.
The US Census Bureau reported that headline Durable Goods Orders increased by 1.9%, surpassing expectations for a 0.4% decline by a big margin. Orders excluding transportation items also came in higher than consensus estimates and rose 0.3% during the reported month. The data, however, did little to impress the USD bulls.
