Swiss Franc Extends Gains Against US Dollar as Market Awaits NFP Data
The Swiss Franc (CHF) strengthens for a second consecutive day against the US Dollar (USD), with USD/CHF hitting session lows at 0.7872. Traders are focused on upcoming US Nonfarm Payrolls data.
USDCHF
The Swiss Franc has continued its upward momentum against the US Dollar for a second straight day on Friday. The USD/CHF pair dipped to a session low of 0.7872, retreating from the nearly two-month highs of 0.7927 seen earlier in the week.
A moderately weaker US Dollar has provided some support for the Swissie, though market attention remains squarely on the forthcoming US Nonfarm Payrolls release. The data could influence the near-term direction for the pair.
Source: FXStreet Forex News