Into North American trading and the biggest risk to USD/CHF is the 13:30 GMT release of the October Employment Report. Economists put the consensus at +133K but numbers below the 100K mark are once again doing the rounds. Any revision to the previous data could help the US unit later in the day.
One London player says a number between 75K & 175K will leave the outlook unaltered in the longer-term, however, all agree the report will give the Dollar its US morning bias. Bids at 1.2445/50 prop USD/CHF ahead of the data while offers from 1.2470 to 1.2480 cap the topside. Also due later today is the 15:00 GMT release of US Non-Manufacturing ISM while the Fed Vice-Chairman, Kohn, is set to give a speech at 17:30 GMT.
Against the Euro, the Franc continues to be sold with EUR/CHF hitting 1.5925 amid the European morning buying. In the short-term bulls eye 1.5950 as a target while in the long-run the 1.60 option barriers remain the goal. On the options front, dealers talk of USD/CHF barriers at 1.2400 corresponding to the 1.2800 EUR/USD interest.
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