Switzerland August trade balance CHF 2.173bln vs 3.494bln prev

Swiss trade data out a few moments ago 21 Sept

• prev revised down from 3.51bln
• exports real mm 2.8% vs -1.,4% prev
• imports real mm 3.0% vs 0.8%
• watch exports +4.2% yy to CHF 1.416bln
• gold exports fell 40% mm to 71 tons

USDCHF still around 0.9715. Seemingly EURCHF rally from 1.1025 lows in July not doing enough trade-wise to counter USDCHF decline in Aug from 0.9760 to 0.9440.

Swiss trade surplus mm