After the volatility of the yen in early trading week, the Swiss franc was the main currency of the dynamics on Monday. Suisse seems to have followed the dynamics of the stock market in recent years, undermined by improving on the U.S. stock market during the opening ceremony. Another point worth noting, are more sluggish recent indicators of the domestic economy, for example, KoF indicator last week and the PMI data on Monday. It is worth watching, considering that the Swiss authorities have become more optimistic about the domestic economy in the mid-year and since then the indicators seem to have to fall.
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