BREAKING: Strong deflationary data from Switzerland, USDCHF reacts 💡

Switzerland - PPI Inflation Data for August:

PPI: Actual: -0.6% MoM; forecast 0.1% MoM; previous -0.2% MoM
PPI: Actual: -1.8% YoY; previous -0.9% YoY

USDCHF pair rebounds after strong deflationary data from Switzerland. Despite lack of forecasted probability of interest rates cut during next week SNB decision this data could justify such a move.

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