CHF struggles to find demand as a safe-haven on Friday.
US Dollar Index pushes higher above the 98.50 mark.
Nonfarm Payrolls in US is expected to come in at 160K in January.
The USD/CHF pair closed the last four trading days in the positive territory and continued to edge higher on Friday to touch its best level since December 27th at 0.9772. As of writing, the pair was up 0.2% on the day at 0.9763.
The sour market mood fails to help the CHF find demand as a safe-haven after the Swiss National Bank made it clear that it was ready to cut its policy rate further and intervene in the FX markets if needed to curb the CHF’s value.
Will DXY stretch higher after NFP?
On the other hand, the broad-based USD strength it providing an additional boost to the pair. Ahead of