Forexpros – Switzerland’s leading economic barometer fell more-than-expected in July, posting the largest monthly decline since April 2009, industry data showed on Wednesday.
In a report, the KOF Economic Research Agency said its index of 12 leading indicators declined to 2.04 in July from 2.23 in June.
Analysts had expected the index to fall to 2.11 in July.
Accordingly, the Swiss economy should display positive but somewhat weaker growth.
Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.12% to trade at 0.8003, hovering close to the record low.
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