08:00 AM BST, Switzerland - GDP data:
- GDP (Q1): actual 0.5% QoQ; forecast 0.4% QoQ; previous 0.3% QoQ;
- GDP (Q1): actual 2.0% YoY; forecast 1.5% YoY; previous 1.6% YoY;
The Swiss frank has further appreciated against US dollar, following the release of better-than-expected GDP data. However, the growth was fueled by the strong increase in exports to the US prior to tariffs going into effect.
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Since Friday, CHF is supported by the flows towards heaven assets. Source: xStation5
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