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USD/CHF bounces off 5-month low after nonfarm payrolls

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    USD/CHF bounced from lows and trimmed intraday losses as the dollar recovered ground following higher-than-expected US nonfarm payrolls data.

    USD/CHF had fallen to a 5-month low of 0.9552 but helped by an upbeat jobs report the pair managed to recover nearly half a cent. At time of writing, USD/CHF is trading at 0.9589, still down 0.26% on the day.

    Data showed US economy added 215K jobs in March, beating expectations of a 205K gain but below the 242K of February. Meanwhile, the unemployment rate edged up to 5.0% in March from 4.9% the previous month.
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