1: Open Directory Project | The Web Directory Solution Google+ Economic news: USD - CHF continue to move higher.

Monday, January 9, 2012

USD - CHF continue to move higher.

USD continue to move higher against CHF touching levels we haven't seen since mid February of last year; the pair appears to be in a nice uptrend since Suisse National Bank intervened twice in August and September.   Today's unemployment data from Switzerland could surprise; let's see if the employment situation in the small European country is closer to Germany, which is at the highest level since re unification or if it follow the Italian path.
Certainly a strong Swiss Franc is not helping national producers to sell their goods to the rest of Europe but we have to consider the efforts done by some Swiss areas to attract foreign investors suchlike tax cuts to new businesses.

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