Switzerland August mftg PMI now out 1 Sept

  • 60.9 prev

That's of lot cuckoo clocks and watches.

Also out earlier:

  • July retail sales -0.7% vs 1.7% prev revised up from 1.5%

Quite a turn around but we know retails generally can be volatile due to their seasonal nature.

USDCHF 0.9612 still underpinned and just off session highs with EURCHF steady around 1.1420