USD/CHF slides towards 0.9100 despite softer Swiss inflation on SNB, Fed talks – by anilpanchal7 USDCHF Fed SNB Inflation RiskAversion
Swiss inflation came in softer but SNB’s Schlegel sounds hawkish.
On Monday, the Swiss Consumer Price Index for March dropped to 0.2% MoM versus 0.4% expected and 0.7% prior while the YoY figures eased to 2.9% from 3.4% previous readings and 3.2% market consensus. Further, SVME Purchasing Managers’ Index for March also eased to 47 from 48.9 initial forecasts.
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