Swiss Franc Soft After Disappointing Macroeconomic Releases

May 02,2019 23:30   Source:Earnforex
The Swiss franc was soft today following the release of disappointing macroeconomic data in Switzerland. The Swiss Federal Statistical Office reported that retail sales dropped 0.7% in March compared with the previous year. That was a bigger drop than experts had predicted — 0.5%. On a positive side, the February reading was revised from a drop by 0.2% to no change. The manufacturing Purchasing Managers’ Index dropped to 48.5 in April from 50.3 […]

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