Swiss Franc Weakens After Stronger US Jobs Data
The Swiss Franc declined against the US Dollar on Friday following a stronger-than-expected US Nonfarm Payrolls report. USD/CHF rose to a two-month high near 0.7955.
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The Swiss Franc (CHF) weakened on Friday as the US Dollar (USD) rallied on unexpectedly strong US labor market data. The Nonfarm Payrolls (NFP) report came in better than market expectations, boosting the greenback across the board.
USD/CHF climbed to around 0.7955, reaching a two-month high. The pair's movement reflects the divergence between the hawkish US economic outlook and the relatively softer Swiss economy.
Source: FXStreet Forex News