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USD/CHF briefly falls below 0.9700 after US NFP

FXStreet (Córdoba) - USD/CHF dipped back below the 0.97 mark, right after printing an hourly high of 0.9730, after the release of US nonfarm payrolls data.

The US economy created 214,000 jobs in October, versus 231,000 expected and following an upwardly revised 256,000 gain in September. Meanwhile, the unemployment rate edged lower to 5.8% against 5.9% expected.

The dollar retreated across the board, with jobs gain missing expectations, and fell to a daily low of 0.9682 before bouncing back to pre-data levels while investors assess figures. At time of writing, USD/CHF is trading at 0.9710, still 0.2% below its opening price.

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