Swiss July trade surplus has come in at 2,347 mln swiss francs, appreciably better than the median forecast of 1,800 mln.
Exports from Switzerland fell by a real 15.1% in July to 16.27 bln.
EUR/CHF is trading marginally firmer this morning, presently up at 1.5187/92. The market still seems happy to pick up the cross on dips to the 1.5150 area in anticipation of renewed SNB intervention.
Incase they are disappointed, sell stops are said to be gathering just south of 1.5100.
