Switzerland June trade balance CHF 2.81bln vs 3.39bln prev

Switzerland June trade balance reading 20 July

• prev revised down from CHF 3.4bln
• exports mm -1.9% vs 3.7% prev rev up up from 2.9%
• imports mm -0.5% vs 1.4% prev rev down from 2.0%
• gold exports down 4.5% mm at 161.9 tons
• watch exports up 5.3%

USDCHF 0.0553 tightly bound still but EURCHF 1.0998 still finding a few euro sellers as we wait on ECB.

Swiss trade balance mm