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Swiss Franc Mixed After Bigger-than-Expected Decline of Producer Inflation

January 18, 2019 at 11:28 by Vladimir Vyun

Mixed Swiss franc notesThe Swiss franc was mixed today following the release of producer inflation data, which showed a bigger-than-expected decline. The general market sentiment was optimistic, weighing on safe currencies like the Swissie and the Japanese yen.

The Federal Statistics Office reported that the Producer Price Index fell 0.6% in December from the previous month after falling 0.3% in November. Experts had predicted a much smaller decline by just 0.1%. Annual inflation was at 2.4%.

USD/CHF was little changed at 0.9939 as of 11:16 GMT today. EUR/CHF advanced from 1.1321 to 1.1335. CHF/JPY gained from 109.86 to 110.07.

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