Forex News: Switzerland May retail sales +9.3% in nominal terms and +7.4% in real terms on the year. The data confirm views that the financial market crisis has yet to take a toll on consumer sentiment in Switzerland. SNB currently targets 2.75% in the 3-month Swiss franc Libor. Views differ about whether the central bank will hike rates at its next regular meeting mid-September given still-solid economic fundamentals and rising inflation.
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