• The Swiss franc rises to the third session in a row, and USD/CHF fell by almost 0.70% endowana.
• Swiss GDP forecasts overcame the forecasts of 0.5% QOQ growth, and retail sales lost expectations in April, increased only 1.3% y / y.
• Traders look at the speech of PMI PMI and Powell on Monday, Swiss CPI, on Tuesday.

FRANC (CHF) Swiss expands its winning streak in relation to the American dollar (USD) Third in a row on Monday, starting a week with a definite position as basically a feeble American dollar and cautious global sentiments are still at the basis of the demand for sheltered currency.

At the time of writing, the USD/CHF pair fell by almost 0.70% into the downtown, consolidating below the lowest week to trade near 0.8178 during the European session, the lowest level from April 21. This movement appears when investors react to a stronger print in Switzerland.

By breaking the Monday economic editions, Switzerland’s economy increased by 0.5% QOQ, compared to 0.3% changed in the previous quarter and overcoming the market expectations of 0.4%. Every year, GDP increased by 2.0%, accelerating from 1.6%and exceeding the growth forecast by 1.5%. Stronger expansion was driven mainly by an raise in exports, because Swiss companies burdened with fronts to the United States (USA) in order to overcome the upcoming tariff dates.

“In particular, exports to the USA increased rapidly, indicating possible charging at the front in connection with the trade policy in the USA,– said the Secretariat of State for Economy.

The stronger expansion was also based on solid profits in production, which increased by 2.1% in Q1 by 1.2% Q4 growth. The construction sector also reflected, publishing an increase of 1.1% after stagnation in the previous quarter. Meanwhile, trade activity, repair of motor vehicles and motorcycles increased by 2.1%, increased rapidly from only 0.3% in Q4, which indicates a wide increase in key sectors.

On the Consumer Front, retail sales in Switzerland increased in April by 1.3% y / y, soothed from 2.2% growth in March and there are no market expectations in terms of 2.5% growth. Weaker reading suggests that consumers can become more cautious, despite the wider economy showing signs of strength.

Looking to the future, all eyes will be on the American index of Manufacturing Manufacturing Manufacturing (PMI) and Fed Chairman Jerome Powell later, both can affect the American dollar. On the Swiss side, new inflation data that will be issued on Tuesday can give tips where the Swiss National Bank (SNB) has interest rates.