Swiss consumer price inflation stands at 0.1%, USDCHF Pulls back!

Forex Swiss
Forex Swiss

The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer, It is a key way to measure changes in purchasing trends and inflation.

The Swiss Consumer Price Index rose 0.1%, from -0.2% in the previous month, the indicator was expected to 0.1% in the last month.

(Year-Over-Year) Consumer Price Index released unchanged -1.4% as the previous month and as expected.

Market impact: This development is likely to support the Swiss Franc, as a result; the USDCHF faces a pullback risk towards daily chart support around the 0.9680 levels before the next rise.

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