Bearish
USD/CHF drops to 0.8029 after weak US payrolls report
In the past 24 hours, USD/CHF declined to 0.8029, the lowest level since June 18, following a weaker-than-expected US Nonfarm Payrolls report. The economy added only 57,000 jobs in June, significantly below the anticipated 110,000, leading to a sell-off in the US Dollar and a shift in Federal Reserve rate hike expectations.
Key points
- USD/CHF falls to 0.8029 after weak US payrolls report
- Swiss inflation remains subdued, with annual CPI at 0.5%
- Swiss National Bank maintains policy rate at 0%
Sources
AI-generated from public news sources. Not financial advice.
