Market Updates: Swiss Inflation Remains Stable with 0% Growth

The Federal Statistical Office reported just the consumer price index (CPI) data for the Swiss economy. The CPI figures remained stable in J


The Federal Statistical Office just reported the consumer price index (CPI) data for the Swiss economy. The CPI figures remained stable in June 2019 versus the previous month’s growth of 0.3%. However, the Swiss Franc gained momentum as the inflation beat the negative forecast of -0.1% by releasing at 0%.

Inflation was 0.6% compared with the corresponding month of the preceding year. The stability of the index compared with the previous month is the effect of a reversing trend that offset each other overall.

So far, USD/CHF has not shown much reaction towards to this news as it continues to stay around 0.9865.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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