Mid-Day Report: Swiss Franc Lower on Weak CPI, Dollar Soft on Risk Appetite

Swiss Franc is mildly lower today after consumer inflation report. CPI in June dropped -0.4% mom, rose 0.5% yoy versus consensus of -0.1% mom, 1.0% yoy. Recent strength in Swiss Franc was driven by SNB’s message of disappearing deflation risk, which led to exit of intervention. However, SNB has also View full post on Action Insight (All Reports)