(First sentence clarified) BERN (dpa-AFX) – In order to ease the burden on the economy and reduce high consumer prices, Switzerland has abolished tariffs on imported industrial goods since the beginning of the year. This means that the country is foregoing around 600 million Swiss francs (644 million euros) in annual income, as the State … Read more
Expected economic data in the currency market During this week, many important economic events and data will be issued, which will have an impact on the trading of a number of currencies, most notably the Australian dollar, the US dollar, the euro, and the sterling. The most important events are as follows: British labor market … Read more
Currencies The Canadian dollar led the losses in the foreign exchange market, in terms of trading on Tuesday, followed by the New Zealand dollar, recording losses in second place, and then followed by its commodity counterpart, the Australian dollar, which recorded losses in third place, while the Swiss franc suffered the least losses on the … Read more