Investing.com – The U.S. dollar was trading close to an eight-day high against the Swiss franc on Monday, after Friday’s strong U.S. jobs data lifted sentiment and concerns over political uncertainty in Egypt eased.
USD/CHF hit 0.9588 during European morning trade, the daily high; the pair subsequently consolidated at 0.958, gaining 0.3%.
The pair was likely to find support at 0.9448, Friday’s low and resistance at 0.9686, the high of January 21.
Data on Friday showed that the U.S. economy added significantly fewer than expected jobs in January, but the unemployment rate posted an unexpected drop.
The Department of Labor said that 36,000 jobs were added, far less than the 150,000 forecast and the smallest gain in four months. However, the unemployment rate unexpectedly fell from 9.4% to 9%, the lowest level in two years.
Meanwhile, U.S. President Barack Obama said Sunday he was confident the U.S. could work with Egypt's next government.
The Swissie was also down against the euro, with EUR/CHF rising 0.37% to hit 1.3019.
Later in the day, the U.S. was to release a government report on consumer credit.
USD/CHF hit 0.9588 during European morning trade, the daily high; the pair subsequently consolidated at 0.958, gaining 0.3%.
The pair was likely to find support at 0.9448, Friday’s low and resistance at 0.9686, the high of January 21.
Data on Friday showed that the U.S. economy added significantly fewer than expected jobs in January, but the unemployment rate posted an unexpected drop.
The Department of Labor said that 36,000 jobs were added, far less than the 150,000 forecast and the smallest gain in four months. However, the unemployment rate unexpectedly fell from 9.4% to 9%, the lowest level in two years.
Meanwhile, U.S. President Barack Obama said Sunday he was confident the U.S. could work with Egypt's next government.
The Swissie was also down against the euro, with EUR/CHF rising 0.37% to hit 1.3019.
Later in the day, the U.S. was to release a government report on consumer credit.