The USD/CHF retreated late in the New York session, down 0.20%, as US jobs data revealed the labor market is cooling, which could warrant the Federal Reserve's (Fed) “aggressive” rate cuts.
USD/CHF retreats 0.20%, testing support levels after US labor data fuels expectations of aggressive Fed rate cuts. The pair eyes a retest of the year-to-date low of 0.8400, with further downside targeting 0.8332 and 0.8300. For a bullish recovery, USD/CHF must clear the August 15 swing high at 0.8748. The USD/CHF retreated late in the New York session, down 0.20%, as US jobs data revealed the labor market is cooling, which could warrant the Federal Reserve's “aggressive” rate cuts.
The USD/CHF pair must clear the August 15 swing high at 0.8748 for a bullish recovery. USD/CHF Price Action – Daily Chart Swiss Franc PRICE Today The table below shows the percentage change of Swiss Franc against listed major currencies today. Swiss Franc was the strongest against the US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.25% -0.23% -0.24% -0.02% -0.22% -0.41% -0.32% EUR 0.25% 0.03% 0.02% 0.27% 0.04% -0.11% -0.07% GBP 0.23% -0.03% -0.02% 0.23% 0.00% -0.15% -0.10% JPY 0.24% -0.02% 0.
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