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Switzerland: Foreign currency Reserves almost unchanged in January

Swiss Foreign Currency Reserves decreased slightly in January, to CHF 427.0B from 427.2B in December, according to data released today by the Swiss National Bank.

Forex Flash: Shorting the AUD crosses is recommended – UBS

The AUD fortified during the Asian session as the January unemployment came in at +10.4 (cons. +5k). In addition, the unemployment rate dipped to 5.4% from 5.5%. According to Research Analyst Gareth Berry at UBS, “Our economists note however that business intentions fell, so the market should perhaps reserve judgment until the February 28th capex survey.”
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