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Switzerland: Foreign currency reserves down to 433.6B in April

FXstreet.com (Barcelona) - The total value of foreign currency reserves held by the SNB fell to CHF433.6B in April from CHF438.3B in February, according to data released today by the SNB. Analysts expected less decrease to CHF435.0B.

Forex: EUR/USD eases to 1.3070/75

The shared currency has retreated to the area of 1.3070/75 on Tuesday, after mixed data from the French economy. In fact, the French trade deficit narrowed to €4.696 billion in March vs. €6.011...
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Forex Flash: Fed loan officer survey says business US credit thawing - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that the US Fed loan officers' survey contrasts with the ECB bank lending survey, like a bottle of Sauvignon Blanc on a magical May evening contrasts with vinegar.
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