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Swiss Franc Gains After Inflation Report

April 5, 2018 at 14:51 by Vladimir Vyun

Looking between the Swiss franc notesThe Swiss franc gained on its most-trade rivals, though not on the US dollar, today after the release of a good inflation print.

The Federal Statistical Office reported that the Swiss Consumer Price Index rose 0.4% in March, the same as in February. Analysts had predicted a slower growth by 0.2%. The report said:

 

Various factors contributed to the 0.4% rise compared with the previous month, such as an increase in the price of international package holidays, air transport and hotel accommodation. However, prices fell for medicines and fuel.

USD/CHF rose from 0.9607 to 0.9635 as of 14:45 GMT today, trading near the highest level since January 22. At the same time, EUR/CHF slid from 1.1796 to 1.1786, retreating from the daily high of 1.1805.

If you have any questions, comments, or opinions regarding the Swiss Franc, feel free to post them using the commentary form below.

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