Swiss PPI Falls Less than Expected, Franc Soft

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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