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Dollar Slides on Weak US Jobs Data as Swiss Franc Rallies

Original: Dollar Falls After Weak U.S. Jobs Data, Boosting Swiss Franc Further

The US dollar fell after disappointing American jobs data, extending gains for the Swiss franc, which has been strengthening as traders seek safer assets. The soft labor figures have reinforced expectations that the Federal Reserve may ease monetary policy sooner, weakening the dollar against major currencies and pushing investors toward the franc.

Why now: Weak US jobs data is moving currency markets and raising expectations of Federal Reserve rate cuts.

US dollarSwiss francFederal Reserve

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Evidence

• Dollar Falls After Weak U.S. Jobs Data, Boosting Swiss Franc Further · WSJ

API: https://socialmediatrends-api.osmike.com/v1/trends/749315