Market Updates: Swiss Retail Sales Turnover Slips 0.7%
Arslan Butt•Friday, May 31, 2019•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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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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