Swiss trade surplus (May) 2.013 bln

Swiss May trade surplus came in at 2.013 bln swiss francs, down from 2.551 bln in April, with exports falling a hefty real 20.7% to 14.3 bln swiss francs.

Elsewhere EUR/CHF is slipping lower, presently at 1.5035. The swiss franc is benefitting from the heightened risk aversion, it’s safe haven status coming into play.

Now we’re below 1.5050 again, everyone will be on heightened SNB/BIS watch.