Switzerland February retail sales y/y -0.2% vs -1.4% prior

Latest data released by the Federal Statistics Office - 3 April 2018

  • Prior -1.4%; revised to -0.4%

Better revision, but still a soggy report. Not a good start to the year for retail sentiment. A minor data point, but not going to be one that the SNB can count on for the time being.

USD/CHF at 0.9537, near the lows as the dollar struggles on the day. EUR/CHF at 1.1760 near the highs.

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