Investing.com - Switzerland’s leading economic barometer improved unexpectedly in March, indicating the economy is regaining some of its momentum, industry data showed on Monday.
In a report, the KOF Economic Research Agency said its index of 219 economic indicators inched up to 90.8 this month from a reading of 90.3 in February. Analysts had expected the economic barometer to dip to 89.1 in March.
The index is designed to predict the direction of the economy over the next 6 months.
EUR/CHF was trading at 1.0465 from around 1.0473 ahead of the data, while USD/CHF was at 0.9649 from 0.9638 earlier.