Forex Pros – Economic sentiment in Switzerland improved in February, data showed on Thursday.
In a report, the Centre for European Economic Research (ZEW) said its indicator of economic sentiment improved to -17.2 in February, compared to a reading of -18.4 January.
A reading above 0.0 on the indicator indicates optimism, while a score below 0.0 indicates pessimism.
According to the data, the indicator for the assessment of the current economic situation lost ground by 11.1 points in the wake of the strong surges recorded in previous months, but continues to hover at a very high threshold of 60.0.
Inflation expectations climbed further in February, with 48.6% of respondents in the interim anticipating a pick-up in the Swiss consumer price index on a six-month horizon.
Following the release of the data the Swiss franc was up against the U.S. dollar, with USD/CHF slumping 0.35% to hit 0.9561.
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