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Forex pairs in this Article » USD/CHF
FXstreet.com (London) - USD/CHF is creeping back from declines on Friday’s US non-farm payroll’s miss.

The pair briefly threatened to break below CHF0.9000 after US non-farm payrolls added just 74k jobs in December, after November’s upwardly revised 241k print. The dollar had seen a broad bullish trend since the Fed’s move on 18 December to trim its monthly asset purchases by USD10bn – citing improved US economic conditions and a health outlook. While the drop in Fed numbers cannot be attributed to the Fed’s tapering, it did raise question marks over the pace of the Fed’s anticipated plan to wind up its current run of quantitative easing by the end of 2014.

Jobs drop puts greater scrutiny on Fed meeting

While Fed members Lacker and Bullard played down the implications of the weak numbers for the Fed’s tapering plans on Friday, there is speculation that the central bank may backload heavier cuts later into 2014 as it keeps its eyes on still-weak employment growth.

Light economic calendar may limit moves

With a quiet day on the economic calendar, significant moves in the pair may be limited until tomorrow’s run of US data and Fed speeches.

USD/CHF is currently trading at CHF0.9029, up 0.11 percent on the session open of CHF0.9023.
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