BREAKING: USDCHF ticks up after Swiss CPI reading

7:33 AM 4 August 2025

Switzerland CPI (Y/Y) Jul: 0.2% (est 0.1%; prev 0.1%)

- CPI (M/M): 0.0% (est -0.2%; prev 0.2%)

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- CPI Core (Y/Y): 0.8% (est 0.6%; prev 0.6%)

Inflation in Switzerland turns out to be higher than expected, although the Swiss franc is losing value against the US dollar. This data will probably help to reaffirm a pause for the SNB as they look towards the latter stages this year.

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