Investing.com - Retail sales in Switzerland fell unexpectedly in January, dampening optimism over the health of the country’s economy, official data showed on Monday.
In a report, Switzerland’s Federal Statistical Office said that retail sales declined at annualized rate of 0.3% in January, disappointing expectations for a gain of 2.6%.
Retail sales growth in December was revised down to a gain of 1.9% from a previously reported increase of 2.2%.
USD/CHF was trading at 1.0035 from around 1.0039 ahead of the release of the data, while EUR/CHF was at 1.0589 from 1.0587 earlier.