News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Swiss Franc Little Changed Following CPI Data

Swiss Franc Little Changed Following CPI Data

David Maycotte,

Talking Points:

  • Mixed Swiss CPI Report in April
  • Swiss Franc Muted Against the US Dollar After Data Crossed the Wires
  • SNB Sees Slow Inflation Rise Through 2015

The latest Swiss CPI figures reported mixed for April as the benchmark year-on-year inflation rate missed estimates, but the month-on-month rate reported in-line with estimates. Year-on-year inflation reported at 0.0 percent, and missing estimates calling for a print of 0.1 percent. The month-on-month inflation reported in-line at 0.1 percent, lower from 0.4 percent reported in March.

The Swiss Franc was little-changed following the release, but ahead of the release had strengthened against the US Dollar in overnight trade. Switzerland's low inflation continues to plague policy makers. Swiss National Bank foresees its baseline inflation rate below 1 percent through, and well below its 2 percent target rate through the next two years.

DailyFX Strategist Jamie Saettele says USDCHF week open is a possible reaction level at 0.8767.

USD/CHF 5-Minute Chart. May 8, 2014

Swiss Franc Little Changed Following CPI Data

Charted created by David Maycotte using Marketscope 2.0.

-- Written by David Maycotte, DailyFX Research Team. Questions, comments or concerns can be sent to

Want to trade with proprietary strategies developed by FXCM? Find out how with Mirror Trader.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.