USDCHF Movement
For the 24 hours to 23:00 GMT, USD declined 0.84% against the CHF, on Friday and closed at 0.7882.
The Swiss Franc rose as fresh concerns over Greece’s access to bailout funds weighed on investor sentiment. The steady drip of negative euro-zone news continued on Friday as talks between Greece and visiting international creditors were suspended amid a dispute over the country’s ability to meet its deficit targets.
In the US, the unemployment rate came in unchanged at 9.1% in August. The non-farm payroll reported a no job growth in August, compared to a downwardly revised 85,000 jobs created in July. Moreover, average hourly earnings fell by $0.03, while the average workweek retreated to 34.2 hours in August.
In Switzerland, the number of employed workers declined to 2.77 million in the second quarter of 2011, from an employment level of 4.11 million in the previous quarter.
In the Asian session, at 3:00GMT, the USD is trading at 0.7891, 0.11% higher versus Swiss Franc, from Friday’s close at 23:00 GMT.
The pair has its first short term resistance at 0.7992, followed by the next resistance at 0.8093. The first area of support is at 0.7749level, with the subsequent support at 0.7607.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
