StockMarketWire.com - Thursday’s release of Switzerland’s unemployment rate has seen the Swiss labor market perform within market expectations, remaining flat month-on-month at 3.1%.
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
USD/CHF fell dramatically following the announcement, moving off a session high of 0.9489 to 0.9453. Among its other major counterparts; CHFJPY 99.43 -0.11%, GBPCHF 1.4195 +0.11%, USDCHF 0.9466 +0.10%,, AUDCHF 0.9717 +0.08%, CADCHF 0.9180 +0.07%, NZDCHF 0.7845 +0.04% and EURCHF 1.2332 +0.01%.
At 10:43am:
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