Swiss Franc Loses Gains, Domestic Data Doesn’t Help

Jun 28,2019 13:52   Source:Earnforex
The Swiss franc attempted to rally today but by now has lost its gains against almost all of its most-traded rivals, with the exception of the euro. Domestic macroeconomic data was not helpful to the currency. The KOF Economic Barometer was at 93.6 in June, down a little from 93.8 in May. Ahead of the report, analysts had predicted an improvement to 94.2. Tellingly, the report was titled “Stagnation at a Low Level”, and it commented on the result: […]

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