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8 May 2015
USD/CHF oscillates after US employment data
FXStreet (Córdoba) - USD/CHF oscillated between daily highs and lows as the dollar searches for direction following the release of US nonfarm payrolls.
Data showed, US economy added 223,000 new jobs in April, slightly below the 224,000 expected while the unemployment rate dropped to 5.4% from 5.5% the previous month. However, the bounce was offset by the nasty revision for March, down to 85K from 126K previously estimated.
USD/CHF dropped to a low of 0.9495 and then jumped to a high of 0.9277 as investors continue to digest data. At time of writing, the pair is trading at 0.9235, still 0.23% above its opening price.
Data showed, US economy added 223,000 new jobs in April, slightly below the 224,000 expected while the unemployment rate dropped to 5.4% from 5.5% the previous month. However, the bounce was offset by the nasty revision for March, down to 85K from 126K previously estimated.
USD/CHF dropped to a low of 0.9495 and then jumped to a high of 0.9277 as investors continue to digest data. At time of writing, the pair is trading at 0.9235, still 0.23% above its opening price.