Swiss KOF leading indicator much stronger than expected

The Swiss KOF leading indicator for August has come in at -0.04 from a revised -0.85 in July, much stronger than the median forecast of -0.60. The indicator’s m/m rise in August is the strongest increase on record.

EUR/CHF is trading lower, presently down at 1.5175.

Remember talk of BIS on bid down at 1.5150 other day.