Latest Swiss trade data now out 21 April
- prev revised down from +CHF 4.07bln
- exports real mm -1.1% vs +2.1% prev revised down from +2.8%
- imports real mm +9.3% vs -1.5% prev revised up from -2.0%
- gold exports rose to 117.9 tons
- watch exports down 12%. Q1 exports down 8.9% largest drop since 2009
Switzerland sucking in some imports supporting yesterday's perky ZEW investor sentiment reading.
Swiss watch export declines reflecting the global economic slowdown.
USDCHF unfazed at 0.9712 still shadowing EURUSD as EURCHF maintains its bid tone.