(Bloomberg) -- The Swiss franc gained versus the euro for the first day in a week after a government report showed retail sales increased in February by more than forecast, boosting the case for higher interest rates.
Sales, adjusted for inflation and the number of shopping days, gained 4.5 percent from a year earlier after 5.1 percent in January, the Federal Statistics Office in Neuchatel said today. Economists in a Bloomberg News survey forecast a rise of 4 percent. The currency rebounded yesterday after central bank President Jean-Pierre Roth said its fall was unjustified.
Read more at Bloomberg Currencies News
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