Swiss trade balance surplus below expectations

Market news

22 November 2016

Swiss trade balance surplus below expectations

According to the positive results since February 2016, exports in October fell by 1.1% on a working-day basis. The increase in chemical-pharmaceutical products dampened the export decline. In the meantime, imports rose (+ 6.7%). The trade balance closed with a surplus of CHF 2.7 billion.

USD/JPY little changed after early JPY gains on Japan earthquake news. 7.3 magnitude

Switzerland: Trade Balance, October 2.68 (forecast 3.89)

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