Business · Markets · 11 hrs ago
Dollar edges lower against the euro and Swiss franc
The US dollar slipped slightly against the euro and Swiss franc on Monday morning.
It had risen on Friday after a strong US jobs report, which increased expectations of a Federal Reserve rate rise in December.
Markets were pricing in about an 80% chance of a 0.25-point rate increase.
The euro was worth 1.1163 dollars, while the dollar was worth 0.8195 Swiss francs.
The next key data point is US consumer prices, due Tuesday, which could affect expectations for interest rates.
One currency expert said the dollar’s strength also reflects the US economy and stock market, but could fade if the stock rally loses momentum.
The US dollar edged lower against the euro and Swiss franc on Monday morning compared with Friday evening.
The dollar fell below 0.82 francs to 0.8195, while the euro rose to 1.1163 dollars from 1.1139.
The euro was little changed against the franc at 0.9148.
The dollar had gained significantly on Friday after the US employment report increased the likelihood of a Federal Reserve rate rise in December.
US consumer price data due Tuesday is the next focus for currency markets.
- Who
- The US dollar, euro and Swiss franc. Commerzbank experts also commented on the dollar’s outlook.
- What
- The dollar edged lower against the euro and Swiss franc on Monday morning.
- When
- Monday morning, 9 November 2026, compared with Friday evening.
- Where
- Not stated
- Why
- The sources report that the dollar had strengthened after the US employment report, but do not state a specific reason for Monday’s decline.
This story does not have two clearly opposing sides.
The US employment report was published, after which the dollar gained significantly.
The dollar was slightly lower against the euro and franc than on Friday evening.
US consumer price data is due to be published.
- USD/CHF
- 0.8195 on Monday morning, below 0.82
- EUR/USD
- 1.1163, compared with 1.1139 on Friday evening
- EUR/CHF
- 0.9148, more or less unchanged
- Fed rate expectations
- Markets priced in about an 80% chance of a 25-basis-point rate rise in December
- Next market focus
- US consumer prices due Tuesday
1 source
What people are saying
The movement in interest rate expectations remained marginal after the US employment report.
If signs that the stock market rally is running out of steam become more numerous, this could also hit the greenback hard.
All in all, I see no convincing fundamental arguments for the recent dollar strength. Accordingly, I am skeptical that it will last.