The week starts with the release of no data from both economies which implies that the pair will follow the general sentiment in market. It is expected to see calmness as the US will off due to the Memorial Day National Holiday.
In the week ended May 27, the Swiss economy continued the release of satisfying data as KoF Swiss leading indicator lingered at 2.30 in May, higher than expectations of 2.22. On the other hand, the US continued to release downbeat data as personal spending slipped to 0.4% in April from the revised 0.5%.
With the release of buoyant data from the Swiss economy, speculations rise that the SNB would have better chance to raise borrowing cost while the opposite is true for the US.
Later in the week, eyes will be on Swiss 1q GDP and US non-farm payrolls.
Originally posted here
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