14 days ago • Posted by Paul de La Baume
#Swiss #franc is on the move! #inflation #forex #trading
The Swiss franc is on the move again! In fact, it has shown intense volatility lately. This Monday morning it is gaining strength versus the dollar after Swiss inflation data showed prices were pushing higher more than expected, which should pressure the Swiss National Bank to hike interest rates further. Note, the the SNB was ahead of the ECB last year in reactivity to hiking interest rates. CPI month on month came at 0.7% per year, versus 0.4% expected. Year over year it came at 3.4% versus 3.1%.
