Swiss Franc Flat as Unemployment Remains Stable & Retail Sales Grow

The Swiss franc was little changed today after reports showed that the unemployment level remained stable and retail sales continued to grow.

The unemployment rate stayed at 3.2 percent in November, unchanged from the previous month. Retail sales grew 1.2 percent in October, year-on-year. The rate of growth was higher than in September (1.0 percent), but slower than analysts’ expectations (1.7 percent). The Swiss National Bank will make monetary policy decision this week, but most experts believe that the central bank will refrain from any changes to policy.

USD/CHF traded at 0.8914 after opening at 0.8915 and EUR/CHF was at 1.2230, the the opening of 1.2229, as of 13:06 GMT today.

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