Investing.com - The U.S. dollar was almost unchanged against the Swiss franc on Monday, after the release of positive data from Switzerland and as investors remained cautious after Friday's downbeat U.S. employment report.
USD/CHF hit 0.9054 during European morning trade, the session low; the pair subsequently consolidated at 0.9059 dipping 0.03%.
The pair was likely to find support at 0.9035, the low of July 28 and resistance at 0.9096, the high of August 1.
In a report, the Swiss SVME purchasing managers' association and Credit Suisse said that its purchasing managers’ index improved to a three-month high of 54.3 last month, from a reading of 54.0 in June.
Analysts had expected the index to decline to 52.8 in July.
In the U.S., disappointing employment data on Friday eased speculation over the timing of a possible rate hike by the Federal Reserve.
Official data showed that the U.S. economy added 209,000 jobs in July, below forecasts for jobs growth of 233,000. The previous month’s figure was revised up to a gain of 298,000 from a previously reported increase of 288,000.
Although it was the sixth successive month that the U.S. economy added more than 200,000 jobs, the unemployment rate unexpectedly ticked up to 6.2% from 6.1% in June. In addition, wage growth was flat, pointing to underlying slack in the economy.
The Swissie was little changed against the euro, with EUR/CHF easing 0.01% to 1.2164.
In the euro zone, official data earlier showed that the number of unemployed people in Spain dropped by 29,800 last month, compared to expectations for a decline of 116,300. In June, the number of unemployed people in Spain declined by 122,700.