07:30 AM BST, Switzerland – Inflation Data for November:
- CPI: actual 0.0% YoY; forecast 0.1% YoY; previous 0.1% YoY;
- CPI: actual -0.2% MoM; forecast -0.1% MoM; previous -0.3% MoM;
The unexpected return of CPI to zero reignites the pressure on SNP, which is already at 0% with their interest rates. CHF weakened againts both the euro and the dollar after data was released, ending a brief period of gains in frank, inspired mainly by the stronger than expected retail sales reading on Monday.
Source: xStation5
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