Data on retail sales in September provided a soft contrast to recent negative economic news. Adjusted for inflation, sales rose 3.8% to 0.1% in August. These have been extremely volatile from month to month, so you should not rejoice too much data for one month, with the main trend of the past six months to increase sales by about 2.5%. It is clear that the movement of franc was weak, and his performance was one of the best this week, given the close attention to the influence of politics in Britain, the eurozone and the U.S. decision on interest rates. U.S. and Britain is less affected by clouds QE, while the euro is facing increasing sovereign risk, as well as falling short-term interest rates. In comparison, the Swiss franc looks most attractive haven.
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