Forex Daily Outlook December 28 2011

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Switzerland, KOF Economic Barometer is the main event today. Here is a short review of the main events lined up.

In the US, Treasury Currency Report issued twice a year is a globaland detailed report of rate policies in various countries around the world is expected to be released today.

In Switzerland, KOF Economic Barometer, a composite index of 12 markers revealing future trends, dropped to 0.35 from 0.75 in October. This reading was worse than the 0.65 predicted and is expected to continue dropping to0.25 in December.

Read more about the Swiss franc in the USD/CHF forecast.

In Japan, Average Cash Earnings measuring the total wage income, increased by 0.1% in November, better than the flat rate predicted and following 0.4% decline in the previous month. Another rose of 0.1% is expected now.

Read more about the yen in the USD/JPY forecast.

That’s it for today.

For more events later in the week, check out the Live Forex Calendar

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About Author

Anat Dror – Senior Writer

I conceptualize, design and create multi-lingual websites. Apart from the technical work, my projects usually consist of writing content for these sites in English, French and Hebrew.

In the past, I have built, managed and marketed an e-learning center for language studies, including moderating a live community of students.

I’ve also worked as a community organizer

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