Swiss Franc Soft Despite Accelerating Inflation

The Swiss franc was not particularly strong today and actually fell against other safe-haven currencies even though the report released during the trading session showed that inflation accelerated in Switzerland last month.

The Federal Statistical Office reported that the consumer price index increased 0.2% in September. That is compared to zero change registered in the preceding month and in line with market expectations. The franc was not profiting from the political crisis that followed the Catalan independence referendum, perhaps because being a European currency it is somewhat vulnerable to the problems of the European Union.

USD/CHF rose from 0.9748 to 0.9768 as of 12:34 GMT today. CHF/JPY dropped from 115.58 to 115.14.

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