USD/CHF extends losses as US labour data disappoints
The US Dollar faces headwinds from declining safe-haven demand, causing the USD/CHF pair to depreciate.
The pair is trading around 0.8060 during the Asian hours on Thursday.
Recent US employment releases point to a labour market that is tight but not adding to inflation pressure, with ADP data revealing that US private-sector employment added just 44K jobs in July, down from 98K in June and missing the market consensus of 70K.