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USDCHF ticks lower after higher Swiss CPI print

8:46 AM 8 January 2024

CPI (y/y) for December in Switzerland: 1.7% (expected 1.5%; previously 1.4%)
- CPI (M/M) December: 0.0% (expected -0.1%; previously -0.2%)
- CPI Core (y/y) December: 1.5% (expected 1.4%; previously 1.4%)
Retail sales y/y 0.7% (expected 0.5%; previously -0.1%)

Today's reading may make the SNB cautious about easing monetary policy in the near term. The price index is still within the 2% target range. Source: FSO

The franc strengthened slightly against the dollar briefly after the macro data reading. Source: xStation

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