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.
🔵 ECB CONFERENCE (LIVE)
BREAKING: Mixed PPI data from US, claims higher
BREAKING: US PPI much higher than expected 🗽 USDDIX gains
📆Will the ECB hike strengthen the euro?