France Apr Business Climate falls to 88 vs 91 (Mar)

The USD/CHF is moving under a very narrow daily trading range, of 20 pips at 0.9342/62, and after printing its high by the end of the Asian session, the pair moved back to its lower area ahead of Switzerland trade data for March. The trade surplus eased slightly from 2M (revised from 2.098M) to 1.98M, but came in much higher than the 1.151M expected. Investors are happy to see both exports (from 16,145M to 16.948M) and imports (from 14,047M to 15.048M) climbing to higher values. The publication triggered a rebound, already to 0.9358.