Swiss Franc Advances On Risk Aversion
02 Décembre 2022 - 5:21AM
RTTF2
The Swiss franc climbed against its most major counterparts in
the European session on Friday, as caution prevailed ahead of U.S.
monthly employment report for November, due out later in the
day.
Economists expect employment to jump by 200,000 jobs in November
after an increase of 261,000 jobs in October. The jobless rate is
expected to hold at 3.7 percent.
Investors digested a mixed batch of U.S. economic data released
on Thursday. While U.S. manufacturing activity shrank for the first
time in 2-1/2 years in November, consumers' incomes and
expenditures increased in October and first-time unemployment
benefits declined last week.
New York Fed President John Williams said that the central bank
has a ways to go on rate hikes and he is not sure whether inflation
has peaked.
Media reports suggested that the European Union is nearing
towards a deal to implement a price cap on Russian crude oil at $60
per barrel.
The franc touched 0.9340 against the greenback, its highest
level in nearly eight months. If the franc rises further, 0.90 is
possibly seen as its next resistance level.
The franc rose to 1.1449 against the pound and 0.9838 against
the euro, off its early lows of 1.1493 and 0.9869, respectively.
The franc is likely to challenge resistance around 1.13 against the
pound and 0.97 against the euro.
The franc was down against the yen, at nearly a 3-month low of
143.11. The franc is poised to face support around the 140.00
area.
Looking ahead, Eurozone PPI for October is due in the European
session.
U.S. and Canadian jobs data for November will be published in
the New York session.
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024