(MENAFN- FxPro) Retail sales in Switzerland fell unexpectedly in May, dampening optimism over the health of the country's economy, official data showed on Thursday.
In a report, Switzerland's Federal Statistical Office said that retail sales declined at annualized rate of 1.8% in May, disappointing expectations for a gain of 1.9% and following an increase of 1.6% in April.
USD/CHF was trading at 0.9554 from around 0.9549 ahead of the release of the data, while EUR/CHF was at 1.0434 from 1.0437 earlier.
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