BREAKING: Swiss CPI in line with expectations; USDCHF ticks higher💡

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The USDCHF ticks higher after the publication of Swiss CPI data for December. Official data is 0.6% annualized, in line with expectations and the previous reading of 0.7% y/y.

The sudden increase in the dollar exchange rate against the franc is mainly the result of a lower reading of core inflation (+0.7% r/r vs +0.8% r/r expected).

Source: xStation

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BREAKING: Swiss CPI in line with expectations; USDCHF ticks higher💡

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