7 Feb 2014
USD/CHF: short-lived weakness post-NFP
FXStreet (Córdoba) - The USD/CHF fell more than 50 pips to a 1-week low as the greenback weakened immediately after the release of disappointing US nonfarm payrolls figures, but weakness was short-lived.
The US economy added 113,000 new jobs in January following only 75,000 new jobs in December and well below the 185,000 expected. However, the Fed has said it will look past this data since they feel it is heavily impacted by weather.
As for the USD/CHF, the pair dropped to a low of 0.8960, only to quickly bounce to the 0.9020 area. At time of writing, the USD/CHF is trading at the 0.9000 zone, just a few pips below its opening price.
The US economy added 113,000 new jobs in January following only 75,000 new jobs in December and well below the 185,000 expected. However, the Fed has said it will look past this data since they feel it is heavily impacted by weather.
As for the USD/CHF, the pair dropped to a low of 0.8960, only to quickly bounce to the 0.9020 area. At time of writing, the USD/CHF is trading at the 0.9000 zone, just a few pips below its opening price.