"That restores some competitiveness to export firms at least outside of the euro zone"
- VP Bank
Swiss exports rose by 1.8% to CHF 16.9 billion in June, as demand for watches and chemical products increased, the Federal Customs Office said. The county's trade surplus narrowed to CHF 2.2 billion, from CHF 2.5 billion in May.
"Even though the 1.20 per euro rate seems too low for many exporters, the franc has continuously fallen in the past months against the dollar and the pound," said Bernd Hartmann, Head of Investment Research at VP Bank.
"That restores some competitiveness to export firms at least outside of the euro zone."
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