USD/CHF stays pressured towards 0.9000 as markets await NFP on Good Friday – by anilpanchal7 USDCHF Recession SNB Fed NFP
ood Friday holiday restricts the Swiss Franc pair’s immediate moves but downbeat US data and recession woes keep the pair sellers hopeful.
That said, the US Initial Jobless Claims improved to 228K for the week ended on March 31 versus 200K expected and upwardly revised 246K prior. It’s worth noting that the Challenger Job Cuts for the said month rose to 89.703K from 77.77K prior. Previously, US JOLTS Job Openings dropped to the 19-month low in February while the ADP Employment Change for March also disappointed markets with 145K figures. Further, the US ISM Services PMI for March also amplified pessimism as it dropped to 51.
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