Market Updates: Swiss Retail Sales Turnover Slips 0.7% - Forex News by FX Leaders

Market Updates: Swiss Retail Sales Turnover Slips 0.7%

Posted Friday, May 31, 2019 by
Arslan Butt • 1 min read

As per provisional findings from the Federal Statistical Office (FSO), Swiss retail sales turnover declined by 0.1% in nominal terms in April 2019 versus the prior year.

Whereas, the seasonally adjusted, nominal turnover increased by 0.4% vs. beforehand.

Lastly, the real retail sales turnover also adjusted for sales days and holidays dropped by 0.7% in April 2019 vs. the previous year.

Overall, it places a negative impact on the USD/CHF , which is probably why the pair keeps on consolidating above 1.005 support today.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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