Data just out but not a game changer despite being on 18 month highs
Better reading from a combined survey from Credit Suisse and German ZEW institute leaves USDCHF unfazed at 0.9738. EURCHF feeling the euro heat this morning and on session lows of 1.0942
The better data is tempered by the research group adding that the uncertainty over the economy's growth outlook was "running high"
" A little more than a third of all survey respondents expect it to pick up, a quarter of them anticipate a deterioration and the remainder foresee no change in Switzerland's economic situation"
Tomorrow the SNB delver its quarterly policy meeting at which no change is expected
