Swiss short-term economic outlook takes a hit
The Zentrum fur Europaische Wirtschaftsforschung (ZEW) Economic Expectations Index rates the relative six-month economic outlook for Switzerland. On the index, a level above zero indicates optimism, below indicates pessimism. It is a leading indicator of economic health.
Despite the poor number, the Swiss franc remains in a net-positive position in the European morning trading session.
GBPCHF 1.4323 0.45%, USDCHF 0.9465 -0.12%, CHFJPY 100.71 0.10%, NZDCHF 0.7788 -0.09%, EURCHF 1.2222 0.07%, AUDCHF 0.983 -0.06% and CADCHF 0.923 -0.04%.
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