EUR/USD likely to find a peak near 1.25: UBS
Investing.com -- Swiss watch exports increased 6.9% year-on-year to 2.399 billion Swiss francs (CHF) in July, according to data released by the Federation of the Swiss Watch Industry on Thursday.
Wrist watches specifically saw a 7.5% year-on-year increase, reaching a value of CHF2.299 billion.
The United States led growth among major markets with a remarkable 45% surge to CHF554.5 million.
Singapore also posted strong performance with a 14.8% increase to CHF147.0 million, while Hong Kong grew by 4.6% to CHF155.6 million.
The United Kingdom (TADAWUL:4280) market remained nearly flat with a slight 0.2% increase to CHF147.2 million.
In contrast, some Asian markets showed declines. Japan fell 10.1% to CHF169.1 million, while China decreased 6.5% to CHF164.2 million.
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