Back
6 Feb 2015
USD/CHF jumps to fresh daily highs after US NFP
FXStreet (Córdoba) - The dollar strengthened across the board and climbed to fresh daily highs versus the Swiss franc following better-than-expected nonfarm payrolls in January and strong upward revisions to previous months.
US nonfarm payrolls report showed the US economy added 257,000 jobs in January, beating expectations of 234,000, while November and December gains were upwardly revised to outstanding 423,000 and 329,000 respectively. Meanwhile, the unemployment rate inched up to 5.7% from 5.6% the previous month as more people entered the labor force, according to the Labor Department.
USD/CHF rose to a daily high of 0.9278 from below 0.9200 minutes before the release. At time of writing, the pair is trading at 0.9260, up 0.65% on the day.
US nonfarm payrolls report showed the US economy added 257,000 jobs in January, beating expectations of 234,000, while November and December gains were upwardly revised to outstanding 423,000 and 329,000 respectively. Meanwhile, the unemployment rate inched up to 5.7% from 5.6% the previous month as more people entered the labor force, according to the Labor Department.
USD/CHF rose to a daily high of 0.9278 from below 0.9200 minutes before the release. At time of writing, the pair is trading at 0.9260, up 0.65% on the day.