Swiss Oct trade data now out 21 Nov
- exports mm -1.8% vs -1.3% prev revised down from -0.9%
- imports mm -1.1% vs -3.1% prev up from -3.2%
- watch exports +9.3% (CHF 1.85bln), biggest gain in 4 years
Swiss watches heading your way again after a few months of less than impressive demand.
USDCHF currently 0.9925 going nowhere in a hurry. EURCHF 1.1655.
Yesterday I offered some thoughts on recent CHF moves