7:31 AM · 4 July 2024

BREAKING: Swiss CPI slightly lower than expected. USDCHF gains

Swiss CPI in June came in 1.3% vs 1.4% exp. and 1.4% previously (0% MoM vs 0.1% exp. and 0.3% previously)

Swiss Core CPI came in 1.1% YoY vs 1.3% exp. and 1.2% previously

Unadjusted unemployment rate came in 2.3% vs 2.2% exp. and 2.3% previously

Swiss SNB lowered interest rates in the last 2 meetings and today's data 'supported' those decisions. USDCHF gains after the readings.

Source: xStation5

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