The Swiss Franc trades mixed – weakening to the US Dollar but up against the Euro and the Pound Sterling.
Swiss data showed an unexpected decline in retail sales but an unforeseen recovery in manufacturing PMIs.
The data suggests the SNB will not be diverted from its easing path.
The Swiss Franc (CHF) is trading mixed in its key pairs on Tuesday, mostly due to the fluctuations of its counterparts, to which it is playing the role of passive partner. Against the US Dollar (USD) the Swiss Franc is lower by about three tenths of a percent in the 0.9080s (USD/CHF) whilst against the Euro and the Pound Sterling it is trading higher by a similar margin.
Swiss data out on Tuesday was mixed, with Real Retail Sales missing estimates by showing a 0.2% decline in February versus the 0.4% increase expected, according to the Federal Statistical Office.
Swiss SVME Manufacturing Purchasing Managers’ Index in March, on the other hand, beat expectations by coming out at 45.2 versus 44.9 forecast.
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