Swiss Economicblogs.org
Swiss Franc The euro appreciated against both Swiss Franc and dollar. Swiss retail sales was again very weak, but emphasize our last month comment: The measurement of retail sales (and also GDP) ignore the active second-hand markets in Switzerland. The Swiss SVME PMI was at 50.1 close to contraction, another piece of bad data. Click to enlarge. FX Rates The US dollar is offered against the major currencies, but...
Read More »FX Daily, August 02: Greenback Slides Despite RBA Rate Cut and 7-year Low in UK Construction PMI
