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Switzerland: SVME – PMI slides to 50.8 in February

The Swiss SVME – PMI growth slowed down to 50.8 in February, from 52.5 in January, the Schweizerischer Verband für Materialwirtschaft und Einkauf and Credit Suisse informed on Friday. Analysts expected the indicator to fall only to 52.2.

Forex: USD/CHF trading near support at 0.9351/54 after Swiss data

The USD/CHF has fallen steadily off its opening, receiving some negative pressure from the earlier release of positive German data that generally triggered a downward movement in pricing. As of European trading Friday, the pair is negotiating an exchange of 0.9352/54, establishing fresh session lows (-0.14%) on the heels of Swiss data.
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