France Markit Services PMI decreases to 41.9 in Mar from 43.7 in Feb

The USD/CHF kept moving lower from just below 0.9455, not because of the Switzerland trade data in February, but mostly ahead of Markit manufacturing data in Europe, finding support at 0.9440. The release of disappointing manufacturing PMI (43.9 vs 44.3 consensus) and services PMI (41.9 vs 44.0 consensus) in France is triggering a retracement of losses back to the opening price of 0.9451.