Investing.com - The U.S. dollar edged lower against the Swiss franc in quiet trade on Monday, pulling away from a 15-month high as markets took a breather after the greenback's recent rally caused by upbeat U.S. employment data on Friday.
USD/CHF hit 0.9655 during European morning trade, the session low; the pair subsequently consolidated at 0.9663, slipping 0.09%.
The pair was likely to find support at 0.9529, Friday's low and resistance at 0.9751.
The greenback strengthened broadly on Friday after the Labor Department reported that the U.S. economy added 248,000 jobs in September, well ahead of forecasts for jobs growth of 215,000. The unemployment rate ticked down from 6.0% to 5.9%, the lowest level since July 2008.
The robust data added to the view that the strengthening economic recovery may prompt the Federal Reserve to raise interest rates sooner than markets are expecting.
The Swissie was lower against the euro, with EUR/CHF adding 0.12% to 1.2120.
In the euro zone, data on Monday showed that German factory orders fell 5.7% in August, compared to expectations for a 2.5% decline. It was the largest drop since early 2009, adding to concerns over the outlook for third quarter growth.
The report came on the heels of data on Friday showing that the euro zone service sector slowed more sharply than initially estimated in September, fuelling fears that the economy is losing momentum.