Softer Swiss trade data just out

  • prev revised down fromn +CHF 3.58bln
  • exports real mm -1.7% vs -0.7% prev rev up from -0.9%
  • imports real mm -2.5% vs +2.5% prev rev up from +2.2%
  • gold exports rose to 1647 tons
  • watch exports down 9.3%

CHF strength understandably making an impact on trade balance but numbers still steady this year after initial post-SNB dip

USDCHF still in retreat at 0.9658 but off session lows

EURCHF 1.0742 finding support into 1.0700-20