Swiss Franc Mixed After Economic Data

The Swiss franc was mixed today, rising against some currencies, falling against others, and staying flat versus the US dollar. That was not surprising, considering that Switzerland’s economic data released over the trading session was mixed as well.

Swiss gross domestic product rose 0.6% in the third quarter of this year, in line with expectations and accelerating from the second quarter’s revised 0.4% rate of growth. The KOF Economic Barometer advanced from 109.8 in October to 110.3 in November instead of falling as analysts had predicted. Seasonally adjusted retail sales dropped by 3.0% in October from the previous year, while experts had promised an increase by 0.3%.

USD/CHF traded at about it opening level of 0.9844 as of 18:16 GMT today after touching the daily high of 0.9881 and the daily low of 0.9817. EUR/CHF rallied from 1.1661 to 1.1704.

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