Swiss Retail Sales suffer a strong decrease
Swiss retail sales were down by 4.1%, a strong drop when compared to April’s 7.8% (revised from 7.5%) increase.
The USD/CHF rose to 0.8492 from the 0.8480 levels prior to the data. The EUR/CHF also experienced a similar kink rising from 1.2330 to 1.2344 but the pair seemed to be reversing soon after. In both cases the levels reached are fresh day’s highs up to the time of writing.
Both the EUR and the USD have been recovering back some of the lost ground against the CHF, after having hit record lows around the 27th/28th of June.
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