Weaker-than-expected US Nonfarm Payrolls data drives the US Dollar lower, lifting the Swiss Franc to 0.8080.
The Swiss Franc strengthened against the US Dollar on Friday after US Nonfarm Payrolls (NFP) data came in below forecasts, weakening the USD. USD/CHF dropped 0.53% to trade near 0.8080, reversing most of Thursday’s gains.
Analysts had anticipated a stronger jobs report, but the downside surprise fueled concerns about US economic momentum. The pair had previously climbed on broad USD strength but erased those gains following the release.
Markets are now assessing the potential impact on Federal Reserve policy, with softer labor data raising expectations for a more cautious approach to interest rates.