Switzerland import and producer prices declined in January

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Source: Forexfactory
Swiss producer and import prices fell in January as appreciating Switzerland's currency and weaker demand from Euro Zone drove costs down, said Swiss Federal Statistics Office on Monday. The index, which estimates producer and import prices, dropped 2.4% in January. Economists earlier predicted a decline of 2.1%. 
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Mon, 13 Feb 2012 12:50:56 GMT

Canadian currency tumbles on Friday amid Greek worries

Canadian Dollar depreciated sharply against its US peer on Friday as investors curbed their demand for higher yielding assets on fresh Greece worries. Loonie dropped 0.8% against greenback to CAD 1.0014 on Toronto evening session. Currently USD/CAD is trading at CAD 0.9984.

Mon, 13 Feb 2012 12:51:10 GMT

Norway's credit market signals overheating

The number of Norwegian mortgages and home values are accelerating at a pace that is likely to result in credit market overheating, warned M. Baltzersen, Financial Supervisory Authority director in Oslo. Baltzersen pointed out that households keep accumulating loans at unmaintainable levels, threatening to cause a housing bubble. 

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