At 10:00 (GMT+2), December data on the M3 Money Supply in Switzerland will be published. It calculates all currency in circulation, bank deposits, repurchase agreements, and the value of money market shares. It is considered as an important indicator of inflation, as monetary expansion adds pressure to the exchange rate. If on a monthly basis the figure increases from the current 1.132,5 billion francs, this will become a catalyst for the upward dynamics of the Swiss national currency.
