Franc Reverses Gain After U.S. Durable Goods Orders Increased
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Switzerland’s franc fell against the dollar, reversing earlier gains, after U.S. data showed durable-goods orders rose, calming concern that the world’s largest economy might be stalling.
The franc also declined against the Swedish krona and the Norwegian krone. Bookings for U.S. goods meant to last at least three years rose 4 percent, the most in four months, boosted by demand for aircraft and autos. The currency has fluctuated between losses and gains this week as investors weighed whether Federal Reserve Chairman Ben S. Bernanke will announce further monetary stimulus measures this week at a meeting in Jackson Hole, Wyoming, on Aug. 26.