Investing.com - The U.S. dollar was almost unchanged against the Swiss franc on Wednesday, hovering near twenty-month lows as Tuesday's downbeat U.S. employment report weighed broadly on the greenback.
USD/CHF hit 0.8966 during European morning trade, the session high; the pair subsequently consolidated at 0.8950, easing up 0.03%.
The pair was likely to find support at 0.8936, the low of February 29, 2012 and resistance at 0.9040, Tuesday's high.
The greenback came under broad selling pressure on Tuesday after the Department of Labor said the U.S. economy added 148,000 jobs in September, well below expectations for an increase of 180,000.
The U.S. unemployment rate ticked down to a four-and-a-half year low of 7.2% from 7.3% in August, but this was partially due to more people dropping out of the labor force.
The jobs report was released 18 days behind schedule due to disruption caused by the U.S. government shutdown.
The disappointing data reinforced expectations that the Federal Reserve will maintain the current pace of its asset purchase program well into next year.
The Swissie was higher against the euro with EUR/CHF slipping 0.12%, to hit 1.2316.
USD/CHF hit 0.8966 during European morning trade, the session high; the pair subsequently consolidated at 0.8950, easing up 0.03%.
The pair was likely to find support at 0.8936, the low of February 29, 2012 and resistance at 0.9040, Tuesday's high.
The greenback came under broad selling pressure on Tuesday after the Department of Labor said the U.S. economy added 148,000 jobs in September, well below expectations for an increase of 180,000.
The U.S. unemployment rate ticked down to a four-and-a-half year low of 7.2% from 7.3% in August, but this was partially due to more people dropping out of the labor force.
The jobs report was released 18 days behind schedule due to disruption caused by the U.S. government shutdown.
The disappointing data reinforced expectations that the Federal Reserve will maintain the current pace of its asset purchase program well into next year.
The Swissie was higher against the euro with EUR/CHF slipping 0.12%, to hit 1.2316.