Swiss Franc Advances On China Concerns
The Swiss franc appreciated against its major counterparts in the European session on Monday amid weakness in European shares, as China's GDP growth was weaker than expected for the second quarter.
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The Swiss franc appreciated against its major counterparts in the European session on Monday amid weakness in European shares, as China's GDP growth was weaker than expected for the second quarter.
The dollar was fractionally higher versus its major counterparts, adding to gains of the past two days. Government bond yields in Australia and New Zealand rose in the slipstream of moves Treasuries overnight.
High youth joblessness defies an otherwise improving economy that grew 4.5% last quarter.
Brent crude LCOc1 was flat at $84.76 a barrel at 0004 GMT, while U.S. West Texas Intermediate CLc1 was up 5 cents at $80.88 a barrel.
BEIJING, Oct 18 — China’s economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and raising heat on policymakers amid rising jitters over the property sector. Data released today showed gross domestic product...