Switzerland May trade balance report 22 June

  • prev revised down from CHF 1.97bln
  • exports mm 2.9% vs -2.4% prev up from -2.5%
  • imports mm 2.0% vs 3.5% prev up from 2.6%
  • watch exports rise 9% to CHF 1.7bln
  • gold exports rise 39% mm to 170 tons

Better than expected/prev but USDCHF unfazed art 0.9720. EURCHF 1.0860 just off session highs.