Swiss Franc Remains Strong
The Swiss Franc continues to show strength against major rivals, and is posting sizeable gains against Dollar and Euro. The USD/CHF fell to 1.0130 and most experts still have the pair listed as bearish.
January 18th
From FxStreet.com: On Thursday, November Machine Orders forecast at 0.2% vs. -4.5% previously. In Australia; On Tuesday, November Home Loans are forecast at -0.5% vs. -1.4% previously. On Thursday, December Unemployment Change forecast at 10k vs. 31.2k previously. Also released, December Unemployment Rate forecast at 5.8% vs. 5.7% previously.
January 18th
From FxStreet.com: On Wednesday, German GDP is forecast at -4.8%. Also released, November Industrial Production is forecast at 0.6% vs. -0.6% previously. On Thursday, ECB Rate announcement is forecast to remain at 1.0%. ECB President Trichet also speaks after announcement. On Friday, EU CPI is forecast at 0.9% vs. 1.0% previously. In the UK; On Tuesday, Nov Trade Balance is forecast -7bn vs. -7.1bn previously. On Wedenesday, Nov Industrial Production is forecast at 0.3% vs. 0.0%.
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