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EUR/CHF chart - Trading View
| Time (GMT) | Event | Actual | Forecast | Prior |
| 0545 | Switzerland s.a Unemploymeny Rate m/m (July) | 3.0% | 3.0% | 3.1% |
| 0545 | Switzerland n.s.a. Unemploymeny Rate m/m (July) | 2.8% | 2.8% | 2.8% |
The Switzerland seasonally adjusted unemployment rate fell to 3.0% in July, matching consensus and compared to a reading of 3.1% in June.
The non-seasonally adjusted unemployment rate for July stood at 2.8%, compared to forecasts and prior at 2.8%.
About Switzerland Unemployment Rate
The Switzerland unemployment rate released by the State Secretariat for Economic Affairs (SECO)represents the number of unemployed persons expressed as a percentage of the labour force.
It is the number of unemployed workers divided by the total civilian labor force and indicates any expansion or contraction within the Swiss labour market.
A lower than expected number should be taken as positive to the CHF, while a higher than expected number as negative.
For Comparison:
Latest Release Actual Forecast Previous
Jul 08, 2021 2.8% 2.9% 3.1%
EUR/CHF
Major Trend: Bearish
Minor Trend: Slightly Bullish
Support: 200H MA at 1.0754
Resistance: 21-EMA at 1.0792
USD/CHF
Major Trend: Neutral
Minor Trend: Bullish
Support: 5-DMA at 0.9091
Resistance: 55-week EMA at 0.9179
Summary: The Swiss franc was largely unchnaged after unemployment rate printed inline with expectations. USD/CHF was trading at 0.9147, while EUR/CHF was trading at 1.0762 at 05:50 GMT.
