Swiss Franc Soft Despite Positive CPI

The Swiss franc was soft today even though inflation data released from Switzerland during the current trading session beat forecasts. The likely reason for the poor performance was the shift in the market sentiment.
The Swiss Consumer Price Index rose 0.1% in June, at the same rate as in May. Analysts had predicted the indicator to stay flat. Nevertheless, the Swissie fell as markets calmed down after the Brexit, the sentiment became less negative, and Britain’s sterling bounced.
USD/CHF went up from 0.9746 to 0.9761 as of 13:13 GMT today, touching the high of 0.9782 intraday. CHF/JPY fell from 103.89 to 103.59, and its daily minimum was at 103.11.

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