Friday , December 6 2019
Breaking News
Home / International Customs / Swiss trade surplus rose in May
Swiss trade surplus rose in May

Swiss trade surplus rose in May

SWITZERLAND: For the 24 hours to 23:00 GMT, the USD declined 0.08% against the CHF and closed at 0.9719. On the economic front, Switzerland trade surplus widened to a level of CHF3.40 billion in May, as exports grew faster than imports. The nation had reported a revised surplus of CHF1.96 billion in the prior month.

In the Asian session, at GMT0300, the pair is trading at 0.9711, with the USD trading 0.08% lower against the CHF from yesterday’s close. The pair is expected to find support at 0.9700, and a fall through could take it to the next support level of 0.9688. The pair is expected to find its first resistance at 0.9733, and a rise through could take it to the next resistance level of 0.9754. Moving ahead, investors will eye Switzerland’s KOF institute summer economic forecast report, scheduled to release in a few hours. The currency pair is trading below its 20 Hr and 50 Hr moving averages.