FX Headlines: Swiss Consumption Data Only Event on Calendar for Monday
A light calendar to start the week shouldn’t be taken as an indication of what’s to come – there are several key events due later this week from the Euro-Zone and the United Kingdom.
EURO-ZONE ECONOMIC CALENDAR
There is no data on the Euro economic calendar for Monday, August 12.
UK ECONOMIC CALENDAR
There is no data on the British Pound economic calendar for Monday, August 12.
SWISS ECONOMIC CALENDAR
Swiss data has been on the upswing of late, following suit after its British and Euro-Zone counterparts. Most notably, the Swiss inflation gauge just broke a 21-month deflation streak, a sign that economic activity may be picking up for the landlocked nation; inflation gauges are lagging indicators, so the data might mean that stronger growth has already arrived. As such, in line with the broader regional European recovery in recent weeks, an improvement should be anticipated.
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--- Written by Christopher Vecchio, Currency Analyst
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