Swiss KOF Economic Barometer

Wednesday, 29 June 2011 12:43

Switzerland's KOF Economic Barometer which measures the level of a composite index based on 12 economic indicators was released minutes ago exactly as analysts have been expecting it at 2.23; lower than last month's 2.30.

The Swiss news didn't have much affect on its currency at all, as the Swiss Franc remained the same against most of its majos currencies such as USD, EUR and GBP.  Each of the rival currencies rose slightly against the Franc right before the news was released, dropping the Swiss Franc; but that didn't last long at all.  As soon as the economic barometer was recorded, CHF went back up to they're prior-to-news trading

USD/CHF was trading at 0.8313, rising to 0.8318 and dropping back to 0.8312.  EUR/CHF is currently at 1.1960, the same price trading before the announcements.  The same was recorded for GBP/CHF as it is trading at 1.3305.