The Swiss franc was near flat against the euro and edged lower versus the dollar on Monday as investors eyed a series of economic indicators due in the coming days for signs of a recovery. First up is Swiss trade data for June, which UBS analyst Reto Huenerwadel expects to point to a gradual slowdown and not to fall dramatically.
"In the week ahead the economic agenda will be scanned for any confirmation of the... scenario of an improved growth momentum," Huenerwadel said. "For such a growth outlook to materialise we expect first and foremost private consumption in the form of June retail sales not to fall off a cliff," he added. The franc was at 1.5213 per euro, versus 1.5221 late on Friday. The franc was at 1.0763 per dollar, down from 1.0717 late on Friday.
Comments
Comments are closed.