Swiss Trade Balance Slumps To 0.12B In March

Release Explanation: Measures the country's exports minus its imports; the largest component of a country's balance of payments. An increase or decrease in the Trade Balance will help determine the future economic outlook and growth numbers in a region. 'It can influence all aspects of an economy as it is the way that region balances its books,' TheLFB-Forex.com Trade Team said.

TheLFB-Forex.com Trade Desk Thoughts: The Swiss trade balance surplus declined again in March. Compared with the estimated number, the trade balance was released lower, 0.12B versus 0.62B. In February, the report was revised slightly lower, to 0.72B.

'Even though the monthly trade balance still recorded a surplus, the outlook lies on the downside as the foreign demand slows. The emerging economies are still responsible for a large bulk of orders, but probably this demand will soon dry up. Currently, the Swiss trade balance is in the worst shape over the last few decades,' TheLFB-Forex.com Trade Team notes.

Forex Technical Reaction: The swissy (Usd/Chf) traded flat in the Asian session, even though the rest of the majors advanced against the dollar. The pair had no reaction to the news report.

Written by TheLFB Trade Team, © 2007-2008 LFB Services, LLC. All rights reserved. http://www.TheLFB-Forex.com

TheLFB Risk Disclaimer can be found at http://www.thelfb-forex.com/content.aspx?id=174.

The Copying, Broadcast, Republication or Redistribution of TheLFB Content is Expressly Prohibited Without the Prior Written Consent of LFB Services, LLC.