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Swiss trade surplus widens more-than-expected in February

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Forex Pros - Switzerland's trade surplus widened more-than-expected in February, official data showed on Tuesday.

In a report, Switzerland's Federal Statistics Office said the trade balance, or difference between imported and exported goods and services widened to CHF2.49 billion in February, up from CHF2.04 billion in January, whose figure was revised up from CHF1.96 billion.

Economists had expected the trade surplus to widen to CHF2.13 billion in February.

The report said that exports rose by 4.2% in February, while imports increased by 0.3%.

Following the release of the data, the Swiss franc was up against the U.S. dollar, with USD/CHF shedding 0.13% to hit 0.9033.

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