Swiss Franc Mixed After Unemployment Rate Meets Expectations

Mar 07,2019 16:39   Source:Earnforex

Mixed Swiss franc notesThe Swiss franc traded mixed today, falling against some rivals, while holding versus others. Domestic macroeconomic data was not helpful in finding direction.

The Swiss Secretariat for Economic Affairs reported that the unemployment rate edged down to 2.7% in February from the ten-month high of 2.8% in January, without adjustments for seasonal factors. Seasonally adjusted, the unemployment rate remained unchanged at 2.4%, in line with expectations.

USD/CHF jumped from 1.0049 to 1.0118 as of 19:40 GMT today. At the same time, EUR/CHF plunged from 1.1362 to 1.1325.

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