Switzerland’s Gross Domestic Product (GDP) grew 0.3% in the fourth quarter of 2020, exceeding the expected 0%. Additionally, third quarter GDP was revised to 7.6% from 7.2% previously published.
The Annual GDP stood at -1.6% in the fourth quarter, improving the -2.1% expected, although worsening the -1.4% of the previous quarter.
Switzerland also published today the Swiss leading indicators KOF, which have notably risen to 102.7 in February from 96.5, improving the 96.6 points estimated by the market.
USD / CHF reaction
The USD / CHF trades at day lows around 0.9040 after data, after yesterday fell to a three-day low at 0.9028. At time of writing, the cross is trading above 0.9043, losing 0.22% daily.
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