Latest Swiss data released - 3 April 2018
- Prior 65.5
- Services PMI 56.8 vs 62.9 prior
A big miss on the data, and quite a fall compared to prior reading as well. Looks like it's a fall across all areas based on the report:
While the reading is still relatively elevated, the dip may worry the SNB a little if it's the start of a declining trend.
USD/CHF now at 0.9542 while EUR/CHF at 1.1760 - both unphased from the data release.
