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Swiss Franc Soft Despite Stable Consumer Prices

September 4, 2018 at 10:24 by Vladimir Vyun

Thousand francsThe Swiss franc was rather soft during Tuesday’s trading despite today’s macroeconomic data, which showed that Switzerland’s consumer prices were stable last month.

Swiss Federal Statistics Office reported that the Consumer Price Index was unchanged in August from the previous month, in line with expectations. In July, the CPI fell 0.2%. Year-on-year, the index increased 1.2% last month.

USD/CHF jumped from 0.9689 to 0.9738 as of 10:16 GMT today. CHF/JPY opened at 114.48, rallied to the daily high of 114.75, but fell to 114.39 later.

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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