Release Explanation: Measures the country’s exports minus its imports; the largest component of a country’s balance of payments. An increase or decrease in the Trade Balance will help determine the future economic outlook and growth numbers in a region. It can impact all aspects of an economy as it is the way that region balances its books.
Trade Desk Thoughts: The Swiss trade balance surplus rose in November from one month earlier. Compared with the estimated number, the trade balance was released higher, 2.15B versus 1.30B. The report for October was revised slightly higher from, 1.84B to 1.95B. Even though the monthly trade balance still recorded a surplus, the number for November is smaller than the numbers released earlier this year, when the Swiss trade balance reached record highs. The emerging economies are responsible for a large bulk of orders.
Forex Technical Reaction: The swissy (USD/CHF) gained 30 pips after the release hit the wires. Since the Asian session started, the swissy rose 20 pips, even though earlier, it was trading 100 pips lower.
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Swiss Trade Surplus Recheas 2.15B In November
Published 12/31/2000, 07:00 PM
Updated 12/18/2008, 02:30 AM
Swiss Trade Surplus Recheas 2.15B In November
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