Currency Analyst since 2010

CHF: change in economic forecasts

SECO (State Secretariat for Economics) reports that Swiss government raised 2013 growth forecast from +1.3% to +1.4%. Inflation outlook for this year is, on the contrary, lowered, from +0.1% to -0.1%.

Growth and inflation forecasts for 2014 remain unchanged at +2.1% and +0.2% respectively.

USD/CHF is fluctuating around 0.9330. EUR/CHF enged up to 1.2380.

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