Swiss Franc Weakens as July Inflation Cools to Four-Month Low
Easing Swiss consumer prices in July push the franc lower, with USD/CHF holding near 0.8100 after two days of gains.
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Swiss inflation eased to its lowest level in four months in July, undermining the franc. The softer price data diminishes expectations for further tightening by the Swiss National Bank, adding to the currency's headwinds.
USD/CHF was little changed in Asian trading on Tuesday, hovering around 0.8100. The pair had advanced over the previous two sessions, supported by a weakening franc.
Traders see potential for additional CHF depreciation if domestic price pressures continue to abate, keeping the pair biased toward further upside.
Source: FXStreet Forex News