Switzerland April KOF leading indicator 28 April
- 107.2 prev revised down from 107.50
Soggy reading vs expectations/prev but not a prime mover. One for general filing.
The KOF Leading Indicators Index is designed to predict the direction of the economy over the following six months. The index is a composite reading of 12 economic indicators related to banking confidence, production, new orders, consumer confidence and housing.
USDCHF 0.9933 on session lows after a dip from 0.9950 . Support/bids expected nearby at 0.9930. EURCHF capping at 1.0820 again after support at 1.0800 and currently 1.0815
