Switzerland June trade balance report 21 July 2016

  • prev revised down from CH +3.79bln
  • exports real mm -3.3% vs -1.% prev revised down from -0.4%
  • imports real mm -4.0% vs -0.6% prev revised down from +0.2%
  • watch exports fall 16.1% yy

Soggy report all round sees a bit of CHF weakness. USDCHF 0.9850 from 0.9842.