Switzerland May trade balance report 21 June 2016
- prev revised up from +CHF 2.50bln
- exports mm -0.4% vs +0.6% prev revised up from +0.3%
- imports mm +0.2% vs -3.7% prev revised down from -3.1%
Exports/import headlines tempered by revisions
- gold exports rose to 177.3 tons
- watch exports down 9.7%, down 14% adjusted for working days
USDCHF 0.9607 near session lows with EURCHF 1.0887 after failing to hold above 1.0900. Expect SNB to be keeping a close eye on the Brexit vote as I've reported before and their presence already this can not be ruled out.
