Other Currencies – Highlights The Swiss Franc is trading under - TopicsExpress

Other Currencies – Highlights The Swiss Franc is trading under pressure against the US Dollar this morning, as investors await the release of the minutes of the Fed’s latest monetary policy with baited breath. Investors are now speculating on the amount of bond purchases that the US central bank might cut this September rather than the timing of the stimulus scale back. Meanwhile, the Swiss National Bank’s monthly statistical bulletin released today morning showed that the Switzerland’s current account surplus increased to 11% of the nation’s GDP in 2012. Against this backdrop, the trade balance report due tomorrow will provide further indication about the health of the Swiss economy. With little on the domestic economic calendar apart from the trade data this week, market participants will keep an eye on the UBS consumption indicator due next week for early insights into the nation’s growth prospects in the latter half of the year.