Switzerland: Foreign currency Reserves almost unchanged in January

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.”