Currency Analysis Report – 5/31/19…Swiss Franc Setting Up For A Position Trade

Swiss economic growth accelerated more than economists expected in the first quarter, joining the upturn seen across much of Europe at the start of the year.Even with the strong first-quarter showing, there’s downward pressure on the economy amid a global slowdown and escalating trade tensions that have hurt business confidence and demand. In Switzerland, the manufacturing Purchasing Managers Index is at its lowest since 2015 and the KOF’s business situation index has fallen for five straight months.The Swiss National Bank has also warned of the likelihood of Switzerland suffering from the impact of trade tensions. One major repercussion could be

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