Swiss trade balance June CHF +1.377 bln vs +2.78 bln exp

• EUR +2.849 bln prev revised up from +2.774 bln
• exports m/m +5.6%
• imports m/m +10.8%

Weaker than expected reading but USDCHF still pinned around 0.8980

• watch exports +1.4% in June y/y in nominal terms to +CHF 1.864 bln

Swiss trade balance mm