Switzerland's unemployment rate almost unchanged at 3.1% in March

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Source: Forexfactory
Swiss jobless rate eased down to unadjusted 3.2% last month as compared to 3.4% in February. Experts projected the unemployment rate to approach 3.3% last month. The number of individual without job decreased by 6,762 to 126,392 in March.  After the data release, the Swiss Franc remained lower against its US counterpart and USD/CHF traded at 0.9211, appreciating by 0.36%.


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Tue, 10 Apr 2012 19:20:25 GMT

Energy commodities tumbled on Monday amid eased supply concerns

Energy commodities except for natural gas were lower on choppy trade on Monday along with weaker US Dollar and softer global equities. Easing supply concerns after Iran entered negotiations with Western economies regarding its nuclear programme weighted down on the commodity group. Moreover, demand from the US and China may weaken after disappointing US labour market performance and growing CPI

Tue, 10 Apr 2012 15:22:16 GMT

Bank of Spain: the country may need more funds

Spanish banks are likely to need additional funds as economic state of the country has continued to deteriorate, announced Miguel Angel Fernandez Ordonez from bank of Spain. Spanish banks are facing next round of increase in bad loans as country enters the second wave of crisis in the last three years. Experts predict Spain to apply for a new bailout

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