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Switzerland: Employment Level falls to 4.116M in Q4

The Swiss Employment Level decreased to 4.116M in the fourth quarter of 2012, from 4.122 registered the previous quarter, according to data released today by Swiss Statistics. Consensus pointed to 4.107M.

Forex: NZD/USD rebounds off session lows to trade at 0.8315/18

The NZD/USD has been in decline since losing its grip on the 0.8400 level yesterday amidst the risk-off movement surrounding Italy. Overnight trading has continued the downward path, however the pair has held onto the 0.8300 level (0.8306 session low), with several noteworthy events today that could shape the cross’ short-term path. At the time of writing, the pair has recently bounced off its lows, trading presently at 0.8315/18 during European trading.
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Forex: EUR/USD gather traction to 1.3070

The bloc currency left session lows in the vicinity of 1.3020, advancing to the area around 1.3065/70 amid rumours and counter-rumours in the aftermath of the Italian elections...
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