Investing.com – The U.S. dollar was up against the Swiss franc on Monday, surging to hit a 2-day high as the dollar rallied following Friday’s better-than-expected U.S. non-farm payrolls data.
USD/CHF hit 0.9681 during European morning trade, the pair’s highest since last Thursday; the pair subsequently consolidated at 0.9669, gaining 0.51%.
The pair was likely to find support at 0.9547, last Friday’s low and resistance at 0.9823, the high of November 3.
On Friday, the U.S. Department of Labor said that non-farm payrolls rose significantly more-than-expected in October, climbing by 151K after falling by a revised 41K in September. Analysts had expected non-farm payrolls to rise by 60K in October.
The strong data eased the selling pressure that had come to bear on the dollar following the Federal Reserve's announcement on a new round of quantitative easing.
Meanwhile, the Swissy was up against the euro, with EUR/CHF shedding 0.27% to hit 1.3465.
Earlier in the day, official data showed that the Swiss unemployment rate dropped to its lowest level in more than 18 months in October as employers boosted the workforce to meet global export demand.
USD/CHF hit 0.9681 during European morning trade, the pair’s highest since last Thursday; the pair subsequently consolidated at 0.9669, gaining 0.51%.
The pair was likely to find support at 0.9547, last Friday’s low and resistance at 0.9823, the high of November 3.
On Friday, the U.S. Department of Labor said that non-farm payrolls rose significantly more-than-expected in October, climbing by 151K after falling by a revised 41K in September. Analysts had expected non-farm payrolls to rise by 60K in October.
The strong data eased the selling pressure that had come to bear on the dollar following the Federal Reserve's announcement on a new round of quantitative easing.
Meanwhile, the Swissy was up against the euro, with EUR/CHF shedding 0.27% to hit 1.3465.
Earlier in the day, official data showed that the Swiss unemployment rate dropped to its lowest level in more than 18 months in October as employers boosted the workforce to meet global export demand.