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The Euro-Swiss pair has traded mostly to the downside for the better part of the past nine-months, and despite setting all-time lows earlier this week, the pair could test its lowest exchange rate as contagion spreads on Greece coupled with the upcoming event risk on the calendar.

The Euro-Swiss pair has traded mostly to the downside for the better part of the past nine-months, and despite setting all-time lows earlier this week, the pair could test its lowest exchange rate as contagion spreads on Greece coupled with the upcoming event risk on the calendar.

Australian dollar lower in forex trading

The Aussie is struggling in currency trading on the FX market today, moving lower as concerns about the global economy surface — and as gold prices drop.

Fears about what is happening in the euro zone are weighing on the Aussie. This is a little odd right now, considering the fact that the euro is rallying right now as forex traders wait for the results of a vote on austerity measures from the Greek parliament.

Indeed, other high beta currencies, including the pound and the euro, have …

Real gross domestic product in the United States increased at an annual rate of 1.9 percent in the first quarter of 2011, (that is, from the fourth quarter to the first quarter), according to the “third” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 3.1 percent.

Swiss exports increased in May amid strong demand from Asia and another strong uptick in watch sales, but prices for exported goods continued to drop during the period due to the strong franc.

Japan’s exports fell more than economists forecast in May, adding to signs the world’s third- largest economy may struggle to recover from the March 11 earthquake and tsunami.

The Federal Reserve decided to hold interest rates at historic low levels as the US recovery is slower and weaker than expected, and hinted that more government relief could come if the recovery stalls.

Euro area annual inflation was 2.7% in May 2011, down from 2.8% in April. A year earlier the rate was 1.7%. Monthly inflation was 0.0% in May 2011.

The Swiss National Bank (SNB) decided on June 16 to leave the target range for the three-month Libor rate unchanged at 0.0–0.75%, and intends to keep the Libor within the lower part of the target range at around 0.25%.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on June 15. Over the last 12 months, the all items index increased 3.6 percent before seasonal adjustment.