Swiss showed the worst results against the dollar among major currencies since the beginning of the week. Domestically, it is quite to be welcomed, if you will be overcome by an annual minimum below 0.95. More importantly, the pair EUR / CHF held above the level of 1.30, after a brief flirtation with this level yesterday. Domestically, we have seen that the unemployment rate remained stable seasonally adjusted at 3.6%. These results came from a downward trend throughout the year to date, but current levels are still above the minimum in 2008 of 2.5%. Prospects for the Swiss is still very much connected with the global appetite for risk, as well as developments in sovereign debt, and SNB did not really want to further strengthen the Swiss franc in early 2011.Thursday, December 9, 2010
CHF: Swiss showed the worst results against the dollar among major currencies this week
Swiss showed the worst results against the dollar among major currencies since the beginning of the week. Domestically, it is quite to be welcomed, if you will be overcome by an annual minimum below 0.95. More importantly, the pair EUR / CHF held above the level of 1.30, after a brief flirtation with this level yesterday. Domestically, we have seen that the unemployment rate remained stable seasonally adjusted at 3.6%. These results came from a downward trend throughout the year to date, but current levels are still above the minimum in 2008 of 2.5%. Prospects for the Swiss is still very much connected with the global appetite for risk, as well as developments in sovereign debt, and SNB did not really want to further strengthen the Swiss franc in early 2011.
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