Latest Swiss CPI data now out 12 Feb

  • 0.0% prev
  • yy 0.7% vs 0.8% exp/prev
  • HICP mm -0.5% vs 0.2% prev
  • yy 0.8% vs 1.1%

Another central bank in Europe with low inflation concerns. No danger of the SNB tightening any time soon

USDCHF up testing 0.9400 again after finding support below 0.9380. EURCHF 1.1531 also seemingly with a line in the sand around 1.1500.

SNB or no SNB I still expect rally sellers keep moves capped.