Switzerland April trade balance 23 May
- exports mm -2.5% vs +1.5% prev revised down from +2.5%
- imports mm +2.6% vs +0.6% prev revised up from -1.4%
- gold exports -13% mm to 121.3 tons
- watch exports -5.7% yy
The data just keeps on coming and we haven't even got to the PMIs yet
Bigger ice bucket required.
Market unfazed so far though. USDCHF 0.9738 EURCHF at 1.0933 both still underpinned
