market alert
Article
Previous Articles
Print
- Nov, 20 USD Graphic Rewind
- Nov, 20 Opening Comment
- Nov, 20 Overnight Interest Rate Update 11.19.09
- Nov, 19 Japanese Yen Benefits on Risk Aversion, New Zealand Dollar Falters
- Nov, 19 U.K. Public Budget Posts Highest Short-Fall Since 1993
- Nov, 19 Overnight Interest Rate Update 11.19.09
- Nov, 18 Swiss Franc Strengthens on U.S. Dollar Weakness, British Pound Falters
- Nov, 18 Canadian Consumer Prices Expand for the First Time in 5 Months
- Nov, 18 Opening Comment
- Nov, 18 Overnight Interst Rate Update 11.18.09
- Nov, 17 British Pound Remains Bid, Canadian Dollar Underperforms
- Nov, 17 U.K. Inflation Tops Forecast
- Nov, 17 Overnight Interest Rate Update 11.17.09
- Nov, 17 USD Graphic Rewind
- Nov, 16 Canadian Dollar Outperforms, Japanese Yen Lags Behind
- Nov, 16 Euro-Zone Consumer Prices Weaken For Fifth Month in October
- Nov, 16 Overnight Interest Rate Update 11.16.09
- Nov, 13 US Confidence Falls for Second Month
- Nov, 13 Overnight Interest Rate Update 11.13.09
- Nov, 13 German GDP Posts 2nd Quarterly Advance; Rises to 0.7%
Swiss Unemployment rose to 4.0% in October from 3.9% the month prior, while the seasonally adjusted jobless rate remained unchanged at 4.1%, marking the highest level since April 1998, the State Secretariat for Economic Affairs in Berne said today. Prior to the release, economists had forecasted that the adjusted rate would rise to 4.2% in October. The data provides evidence that the country’s economic slump has not yet bottomed out, but rather, may deepen further as the breakdown of the report showed jobless claims rose from 154,409 to 158,138. More perturbing is the economy now faces a dual threat as unemployment continues to rise and threaten the 6%unemployment level, which is the highest since World War II along side the fall in consumer prices. At the same time, the Swiss National Bank may hold rates at 0.25% for a sustainable amount of time and intervene against the franc whenever the EURCHF exchange rate trades near 1.50.
Swiss Unemployment Monthly Chart
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
Resources
