Swiss Franc edges lower amid positive market sentiment

The Swiss Franc is experiencing a weakening trend in most pairs due to stronger US data, which has buoyed market sentiment. The Federal Reserve, European Central Bank, and Bank of England are all scheduled to make announcements after their meetings this week.

The improved outlook for the US on Friday’s strong jobs report has lent a mildly positive air to sentiment, providing a slight headwind to the safe-haven Swiss Franc.

The US Nonfarm Payrolls report for November showed an above-expectations improvement in most metrics, including the Unemployment Rate, which fell to 3.7% from the 3.9% forecast.

This could make the US Federal Reserve keep interest rates higher for longer and delay any rate cuts the market was anticipating in 2024. The next big data release for the US Dollar is US CPI data for November.