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Currency
by ForexNewsNow Team on December 7, 2010

Swiss unemployment rate remains steady, as expected

Swiss flagNEW YORK (Forex News Now) – Switzerland’s unemployment rate remained unchanged in November, data showed on Tuesday in one of the day’s major realtime forex news events.

In a report released early morning, Switzerland’s secretariat for economic affairs said that the percentage of the work force that is unemployed remained at 3.6%, the exact same figure recorded in October.

Analysts had expected the figure of 3.6%, at least two major online FX trading news outlets reported.

As such, the data was unlikely to have too big an impact on currency market trading: USD/CHF traded at 0.9794 at around 7:25 A.M., GMT, down 0.22% on the day.

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