USD/CHF Drifts Toward 0.8100 as Dollar Pares Gains Before NFP
The US dollar retreated against the Swiss franc on Friday, with USD/CHF easing towards 0.8100 after being rejected at 0.8136, as traders await the US nonfarm payrolls report.
USDCHF
The USD/CHF pair traded lower on Friday, slipping towards the 0.8100 mark. An earlier push to 0.8136 was met with selling pressure, reinforcing the near-term resistance.
The move comes as the US dollar pares recent gains, with market participants turning cautious ahead of the US nonfarm payrolls (NFP) release. The jobs data is closely watched for clues on the Federal Reserve's interest rate path.
A stronger-than-expected report could revive dollar demand, while a disappointment may extend the franc's advance.
Source: FXStreet Forex News