The Swiss Franc gains after domestic Producer and Import Prices data, pushing USD/CHF lower following three consecutive days of advances.
USD/CHF fell to around 0.8130 in European trading on Thursday, retreating after three days of gains. The decline follows stronger-than-expected Swiss Producer and Import Prices data, bolstering the Swiss Franc (CHF).
The pair had climbed earlier in the week but reversed course as the latest price data reinforced expectations of stable inflation in Switzerland. No specific consensus estimates were provided, but the data appears to have supported the Franc’s resilience.
Markets are now assessing the potential impact on the Swiss National Bank’s policy outlook, though no immediate reaction was detailed in the data release.