Swiss Franc Eyes Weekly Gain as Weak NFP Delays Fed Hikes

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The Swiss Franc is set to record its first weekly gain in five weeks. This follows the release of weaker Non-Farm Payrolls data, which has prompted expectations that the Federal Reserve will delay interest rate hikes. The Franc's performance reflects changing global monetary policy outlooks.

The anticipated delay in Fed rate hikes has influenced currency markets. Weaker US jobs data typically suggests less pressure for the Fed to tighten monetary policy, which can reduce the appeal of the dollar and benefit other currencies like the Franc. On Hyperdash,

JPY/USD is up +0.07% since the news.

SourcesFirst Squawk

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