Switzerland's trade surplus increases more than expected

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Source: Forexpros

Swiss trade surplus increased more than expected last month, according to official data. The trade balance widened to CHF3.00 billion last month as compared to CHF2.16 billion in October. Analysts expected the figure to be CHF2.47 billion. After the data release, the Swiss Franc appreciated against the USD and the pair USD/CHF is currently traded at 0.9371, edging down 0.02%.

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Tue, 20 Dec 2011 09:45:03 GMT

China sees lower growth pace

Experts have pessimistic forecasts on the development of China's economy next year. The economic growth is expected to fall to 7.9% in 2012, reported Nomura International Ltd. The most negative outlook predicts the China's economy might fall into recession as last time the growth was lower than 8% was before Asia-Pacific crisis in 1998. The government has to do its best to stimulate domestic demand

Tue, 20 Dec 2011 09:40:17 GMT

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