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Switzerland Foreign Currency Reserves (Mar): 438.3B vs 430B (Feb)

United Kingdom Mar Halifax House Prices (3m/YoY) decreases to 1.1% vs 1.9% in Feb. (MoM) 0.2% vs. 0.5%.

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Forex: USD/CHF correcting yesterday’s tumble, at 0.9430

The USD/CHF is rising, now at 0.9430 high, ahead of the European opening and after Switzerland foreign currency reserves data that points to an extension from 430B (revised from 427.7B) to 438.3B in March, beating consensus of 427.0B. The pair is correcting from yesterday’s wide drop, from 0.9526 high to 0.9382 low.
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