Forex - USD/CHF almost unchanged after positive Swiss data

The U.S. dollar was almost unchanged against the Swiss franc on Monday, after the release of positive Swiss data, while growing uncertainty over the future of the Federal Reserve's stimulus program continued to support the greenback. 

USD/CHF hit 0.9460 during European morning trade, the session high; the pair subsequently consolidated at 0.9451, adding 0.04%. 

The pair was likely to find support at 0.9412, the high of June 28 and resistance at 0.9494, the high of June 5. 

Data showed that Switzerland's SVME purchasing managers' index fell to 51.9 in June, from a reading of 52.2 the previous month, compared to expectations for a decline 51.8. 

Meanwhile, the greenback remained supported by expectations that the Fed will soon start tapering its USD85 billion-a-month bond buying program. Investors were awaiting Friday’s U.S. nonfarm payrolls data, with good data set to bolster the dollar further. 

The Swissie was lower against the euro with EUR/CHF rising 0.37%, to hit 1.2337. 

In the euro zone, official data showed that the unemployment rate ticked up to 12.1% in May from 12% in April, compared to expectations for a reading of 12.3%.

Another report showed that consumer price inflation in the euro zone rose to 1.6% in June from 1.4% in May, in line with expectations. 

Later in the day, the Institute of Supply Management was to produce a report on manufacturing activity.