Dollar maintains tight range against Franc as Swiss unemployment rate holds steady

Published on Jul 07, 2023 14:56

The US Dollar stayed choppy against the Swiss Franc or CHF today as elevated US yields kept on well bid in the global markets against major currencies. Traders also eyed the Swiss economic cues. Switzerland`s unemployment rate held steady in June after falling slightly in the previous month, the State Secretariat for Economic Affairs, or SECO, said on Friday. The unadjusted unemployment rate came in at 1.9 percent in June, the same as in May. In the corresponding month last year, the jobless rate was 2.0 percent. The number of registered unemployed persons decreased to 85,099 in June from 88,076 in the prior month. The USDCHF pair currently trades flat at 1.1250, extending a tight trading pattern which has kept the pair in confined range over last two weeks.