The Swiss franc held steady against the dollar on Monday after data showed the US economy lost fewer jobs than feared in September, confirming expectations of further interest rate rises by the Federal Reserve.
The US economy shed 35,000 jobs in September, data showed on Friday, while economists had expect it to have lost 143,000 jobs in the wake of Hurricane Katrina.
Higher interest rates in the United States support the currency by drawing liquidity into dollar-denominated deposits.
The dollar last traded at 1.2796/99 Swiss francs, up from 1.2783/88 francs in late trading in Europe on Friday. The euro stood at 1.5498/11 francs, compared to 1.5500/05 on Friday.
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