Italy: Apr Consumer Confidence up to 86.3 vs 85.3 in Mar

The USD/CHF has bounced sharply off its lows at the 0.9327 level, following the release of economic data in Germany and the EMU. The move rocketed the pair into positive territory, erasing its daily losses in an instant. At the time of writing, the cross is now steadfastly rising at session highs at 0.9390/92.