Switzerland July trade balance report now out 22 Aug

  • prev revised down from CHF 2.81bln
  • exports real mm -1.7% vs -1.3% prev revised up from -1.9%
  • imports real mm -1.0% vs -0.7% prev revised down from -0.5%
  • gold exports -26% mm to 119.9 tons
  • watch exports up 3.6% YY to CHF 1.7bln

Not to a lot to glean from this but generally a stronger report.

USDCHF 0.9638 just off session highs with offers/res into 0.9650

EURCHF 1.1377 underpinned at 1.1350 again but sellers between 80-00.

Swiss trade mm