Dollar Falls After Weak U.S. Jobs Data, Boosting Swiss Franc
The U.S. dollar declined Friday following weaker-than-expected U.S. jobs data, which diminished expectations for a Federal Reserve interest-rate hike this month. This decline further bolstered the Swiss franc, which was already strong as investors sought safety amid concerns over French fiscal policy.
S. S. jobs data reduced expectations for another interest-rate rise by the Federal Reserve later this month. The move added to gains in the Swiss franc, which was already firmer as investors sought safety amid French fiscal concerns.