Open Demo Account
Home / Market Update / Forex Market / Switzerland: Current Account Surplus Widens in The First Quarter of 2021

Switzerland: Current Account Surplus Widens in The First Quarter of 2021

Adel 22 June, 2021 5:57 pm Forex Market, Market Update

The Swiss National Bank announced today, Tuesday, that Switzerland achieved a current account surplus of 16 billion Swiss francs (17.40 billion dollars) in the first quarter of 2021, 6 billion francs more than it was in the previous quarter.


The weakness of the Swiss franc against the dollar since the beginning of 2021 has increased Switzerland’s net international investment to CHF761 billion on a quarterly basis.

Tags

Check Also

Sterling Rebounds Following Softer US PCE Data

The Pound Sterling bounces back strongly above 1.3400 against the US Dollar after soft US …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends