News » Franc Flat as Trade Balance Decreases Even as Export Grows

Thousand francsThe Swiss franc was flat today as Swiss exports advanced, easing concerns about a new intervention by the Swiss National Bank, but trade balance surplus decreased anyway.

The Swiss Federal Statistical Office reported that nation’s exports advanced by 6.1 percent in December from a month ago, following the drop by 4.8 percent in November. The growth of exports decreased concerns about a negative impact of the strong franc on Swiss exporters and reduced probability on an intervention from the SNB. Still, trade balance shrank 2.95 billion francs to 2.07 billion.