Swiss CPI in line with expectations📊USCHF loses 0.3%

Switzerland CPI – January (YoY):

Actual: 0.4%
Forecast: 0.4%
Previous: 0.6%

Switzerland CPI – January (MoM):

Actual: -0.1%
Forecast: -0.1%
Previous: -0.1%

Switzerland continues on a path of slowing price growth. In January, consumer inflation stood at 0.4% year-over-year, down from 0.6% in December. In response to the data, the USD/CHF pair broke out of the short-term sideways trend directly after the Swiss CPI release, however we have to wait for the final reaction of the pair; further declinee is still on the table.

Source: xStation

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