USD/CHF: Dollar Rises as Payroll Gains Surpass Estimates

Upbeat labor market figures are believed to buoy the US dollar today opposite the Swiss franc as unemployment in the US fell to a near four-year low in November. Meanwhile, looming uncertainty over the Euro region’s battle to combat the debt crisis is seen to weigh on the Swissie after Italian Prime Minister Mario Monti expressed his plan to resign as soon as the budget bill is passed.

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