Market Updates: Swiss Inflation Remains Stable with 0% Growth - Forex News by FX Leaders

Market Updates: Swiss Inflation Remains Stable with 0% Growth

Posted Thursday, July 4, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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