Investing.com - Retail sales in Switzerland rose more than expected in August, fuelling optimism over the health of the country’s economy, official data showed on Tuesday.
In a report, Switzerland’s Federal Statistical Office said that retail sales advanced at annualized rate of 1.9% in August, beating estimates for a 0.7% gain.
Retail sales growth in July was revised to a decline of 0.3% from a previously reported drop of 0.6%.
USD/CHF was trading at 0.9584 from around 0.9592 ahead of the release of the data, while EUR/CHF was at 1.2136 from 1.2138 earlier.