Negative Market Sentiment Allows Swiss Franc Ignore Economic Data

Feb 28,2019 22:52   Source:Earnforex
The Swiss franc gained today, getting boost from risk aversion on the Forex market. The currency gained even as domestic macroeconomic reports were extremely disappointing, demonstrating weakness of the Swiss economy. Switzerland’s State Secretariat for Economic Affairs reported that gross domestic product rose 0.2% in the fourth quarter of 2018, trailing the consensus forecast of a 0.4% increase. The increase followed the 0.3% drop in the previous quarter. The report explained that manufacturing was […]

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