Weaker US labor data reduces bets on Federal Reserve tightening, pressuring the dollar against the Swiss franc.
The USD/CHF pair declined for a second consecutive session, trading near 0.8020 in Asian hours on Friday. The Swiss franc strengthened as the US dollar weakened following disappointing domestic labor data released Thursday, which tempered expectations for further Federal Reserve rate hikes.
Prior to the data, markets had priced in a higher probability of additional Fed tightening. The pair’s drop extends a trend of dollar softness amid shifting monetary policy outlooks. No immediate market reaction was specified beyond the price movement.
The decline reflects broader sentiment around US economic indicators influencing Fed policy bets.