KOF Leading Indicator did not Impact Currency

Although KOF Leading indicator did not meet economists? expectations, the data did not shake people?s belief that Swiss National Bank will hike rates in the upcoming meeting. The Swiss government and the central bank raised their growth forecasts this month. Officials are still concern that the value of Franc does not match economic fundamentals. The low Franc has been increasing exports and growth throughout and carry trades are further pushing the currency down.

[B]Last 24 hours:[/B]

  • KOF Swiss Leading Indicator
    Actual: 1.96
    Consensus: 2.00
    Previous: 1.94
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