Switzerland July UBS consumption index 1.38 vs 1.30 prior

Index hits highest level so far this year

June's reading was revised lower to 1.30 from 1.38.

The index is calculated via six consumer-related parameters, being new new car registrations, business activity in the retail sector, number of domestic overnight hotel stays by residents from Switzerland, the consumer sentiment index, employment figures and point of sale credit card transactions made via UBS in Switzerland.

Not really a market mover, but an indicator of general sentiment.

We have more Swiss data due at the top of the hour today and in the next hour as well.

USDCHF barely changed on the day at 0.9557, and EURCHF is taking a similar cue trading at 1.1434.