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Bild: Germany faces higher unemployment due to refugee influx

On Tuesday, the German daily, Bild, carried an article on Germany’s unemployment troubles, highlighting the following points:

Unemployment will climb by about 110k to an average 2.86mln in 2017

Rising to 3.1mln by 2020

Employment to climb by about 1mln to 44.1mln by 2020

USD/CHF drops sharply to test Monday’s low

The USD/CHF pair witnessed some aggressive selling towards late-Asia, as the Swiss franc rallied across the board as risk-off remained in full swing a
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RBA minutes provide little additional insight – Westpac

Matthew Hassan, Research Analyst at Westpac, notes that the minutes of the August monetary policy meeting of the Reserve Bank Board, in which it reduc
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