06.03.2020 USD/CHF Analysis

06.03.2020 USD/CHF Analysis

  The USD/CHF pair has dropped to a fresh low after trading around mid-0.9500 CHF per dollar in three trading sessions. The decline which came after uncertainty in the financial markets arose due to the coronavirus is the first since March 2018. The USD/CHF pair is trading around 0.9360 CHF per dollar today, which represents almost a 1% fall since Thursday's trading session. Investors are looking forward to the release of the Unemployment rate and non-farm payroll report from the US later today to determine the strength of the US economy. A high reading in non-farm payroll will mean more people are spending hence showing an indicator of a good economy. A higher reading in the unemployment rate will mean less spending which would be bearish for the USD.