Latest data released by the Swiss Federal Statistical Office - 20 February 2018
- Prior CHF 2.63 bn; revised to CHF 3.37 bn
- Imports m/m +3.8% vs +0.6% prior; revised to +1.0%
- Exports m/m -5.1% vs +2.8% prior; revised to +3.3%
- Swiss watch exports y/y +12.6% vs +0.7% prior
A major dip in exports sees trade surplus shrink, but a minor data point. Nothing impactful to the swissie. More details show that gold exports fell 28% m/m in January.
EUR/CHF now at 1.1531, still range-bound. USD/CHF at 0.9314, just off the highs earlier as the dollar continues to look poised on the day.
