Investing.com - The U.S. dollar was almost unchanged against the Swiss franc on Monday, trading near one-and-a-half month highs after upbeat U.S. employment data on Friday sent the greenback broadly higher.
USD/CHF hit 0.9668 during European morning trade, the pair's highest since May 29; the pair subsequently consolidated at 0.9642, easing up 0.06%.
The pair was likely to find support at 0.9592, the low of May 27 and resistance at 0.9718, the high of May 24.
Demand for the greenback remained supported after official data on Friday showed that the U.S. economy added 195,000 jobs in June, more than the 165,000 increase forecast by economists.
May's figure was revised up to 195,000 from a previously reported 175,000. The unemployment rate remained unchanged at 7.6% in June.
The Swissie was lower against the euro with EUR/CHF adding 0.16%, to hit 1.2387.
Sentiment on the single currency remained fragile after European Central Bank President Mario Draghi said last week that the bank expects to maintain interest rates at current or lower levels for an “extended” period of time.
The euro showed little reaction after official data earlier showed that Germany posted a smaller-than-expected trade surplus of EUR14.1 billion in May, as exports decreased by 4.8% on a year-over-year basis and imports fell by 2.6%.
Analysts had expected a trade surplus of EUR17.5 billion.
USD/CHF hit 0.9668 during European morning trade, the pair's highest since May 29; the pair subsequently consolidated at 0.9642, easing up 0.06%.
The pair was likely to find support at 0.9592, the low of May 27 and resistance at 0.9718, the high of May 24.
Demand for the greenback remained supported after official data on Friday showed that the U.S. economy added 195,000 jobs in June, more than the 165,000 increase forecast by economists.
May's figure was revised up to 195,000 from a previously reported 175,000. The unemployment rate remained unchanged at 7.6% in June.
The Swissie was lower against the euro with EUR/CHF adding 0.16%, to hit 1.2387.
Sentiment on the single currency remained fragile after European Central Bank President Mario Draghi said last week that the bank expects to maintain interest rates at current or lower levels for an “extended” period of time.
The euro showed little reaction after official data earlier showed that Germany posted a smaller-than-expected trade surplus of EUR14.1 billion in May, as exports decreased by 4.8% on a year-over-year basis and imports fell by 2.6%.
Analysts had expected a trade surplus of EUR17.5 billion.