The Swiss franc was soft today even though the Producer Price Index fell last month less than was expected.
Switzerland’s Federal Statistical Office reported that the PPI fell 0.1% in July from the previous month. That is compared with the predicted drop of 0.2%. The index dropped 0.5% in June.
USD/CHF rose from 0.9734 to 0.9743 as of 11:46 GMT today. EUR/CHF gained from 1.0841 to 1.0863.
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