7:32 AM · 4 June 2024

BREAKING: USDCHF erases daily drop after Swiss CPI data

Swiss CPI inflation data for May was released today at 7:30 pm BST. Report was expected to show annual inflation remaining unchanged at 1.4% YoY, but monthly reading was expected to show an acceleration from 0.3% MoM in April to 0.4% MoM in May. Reading was watched closely by CHF traders after SNB decided to unexpectedly cut rates at its Q1 policy meeting. Next SNB rate decision is scheduled for June 20, 2024.

Actual report matched expectations when it comes to annual CPI. Monthly CPI came in slightly lower than expected at 0.3% MoM. However, it should be said that there was an almost equal split in expectations for monthly reading, between 0.3% and 0.4%. CHF weakened following the release, with USDCHF erasing daily drop.

Switzerland, CPI inflation for May

  • Annual: 1.4% YoY vs 1.4% YoY expected (1.4% YoY previously)
  • Monthly: 0.3% MoM vs 0.4% MoM expected (0.3% MoM previously)

USDCHF erased daily drop after Swiss CPI data. Source: xStation5

18 September 2026, 7:01 PM

Daily Summary: Bitcoin Excites Investors Despite the Fed's Hawkish Shift🏛️

18 September 2026, 2:23 PM

BREAKING: US industrial production & manufacturing data lower than expected

18 September 2026, 11:26 AM

Yen loses ground after the BoJ decision

18 September 2026, 8:21 AM

Hawkish remarks by BOJ Governor strengthen the yen – key takeaways

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits