USD/CHF holds losses after soft US labor market data
2024-09-06
Pair bottomed at a low of 0.8375 and then recovered above 0.8400 but holds daily losses.
US August NFPs came in lower than expected, following this weak labor market data trend.
Investors might bet on a bigger cut in September from the Fed.
On Friday, the USD/CHF fell to a daily low of 0.8375 and then recovered back above 0.8400. The upside, however, is limited as the US reported weak labor market figures.
The US Dollar’s appeal diminished after the release of a lower-than-expected NFP report for August, which showed the creation of 142,000 new jobs, falling short of the 160,000 forecast but surpassing July’s revised figure of 89,000. The Unemployment Rate decreased as anticipated, moving from 4.3% to 4.2%. Additionally, Average Hourly Earnings increased by 3.8%
Inflation im August sinkt stärker als erwartet – Ökonomen sehen Nationalbank gefordert
2024-09-03
Inflation unter Kontrolle
Seit Anfang Jahr schwankt die hiesige Inflation nun im Bereich von 1,0 bis 1,4 Prozent, davor war sie im August 2022 bis auf einen Höchstwert von 3,5 Prozent gestiegen. Im Vergleich zum Ausland steht die Schweiz weiterhin besser da, allerdings sind die Unterschiede zuletzt deutlich geringer geworden.