The pair falls near 0.7765 as traders await April’s US Nonfarm Payrolls report for Fed policy clues.
The US Dollar weakens against the Swiss Franc, retreating to 0.7765, just above a two-month low, as markets brace for April’s US Nonfarm Payrolls data. Thursday’s gains were erased amid expectations of a slowdown in job growth, though the unemployment rate is forecast to hold at 4.3%.
Swiss Consumer Climate data from SECO showed weakness but failed to curb the Franc’s strength. Last week’s Federal Reserve meeting revealed policy divisions, leaving investors uncertain about the central bank’s next move. Technical indicators suggest a bearish bias, with support eyed at 0.7750.
Upside resistance remains at 0.7809, while a break below 0.7748 could target February’s low near 0.7675.