Swiss Franc Soft Despite Supportive Economic Data

The Swiss franc traded flat-to-lower during today’s session even though Switzerland’s economic growth accelerated while deflation slowed.
Swiss gross domestic product rose 0.6% in the second quarter of this year, exceeding analysts’ expectations. The Consumer Price Index fell 0.1% in August after declining 0.4% the month before. The Swiss National Bank will conduct a policy meeting next week.
USD/CHF traded near its opening level of 0.9797 as of 9:40 GMT today. GBP/CHF rose from 1.3031 to 1.3064.

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