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Swiss trade surplus widens, Watch exports slump

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Forex News and Events Disappointing ZEW and record trade surplus indicates importance of weak CHF Data released today indicated that Swiss trade surplus widened to 4.1bn from revised higher 3.25bn. On an annual basis, both exports and imports declined by -1.5% and -5.3%, respectively in October. Swiss watch industry exports fell sharply by -12.3% percent on demand weakness in Asia. The slump in export continued to be driven by strength of CHF against the Euro. While lack of import suggests

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