News Column

Franc Mixed Ahead Of Swiss CPI, Retail Sales Data

July 8, 2014



BRUSSELS (Alliance News) - The Swiss Federal Statistical Office is scheduled to release its consumer prices for June and retail sales for May at 3:15 am ET Tuesday. Consumer prices are forecast to increase 0.1% month-over-month in June following the 0.3% rise in May. Annually, prices are expected to grow 0.2%, the same rate as in May. The sales were up 0.4% in April.

Ahead of these reports, the Swiss Franc showed mixed trading against its major rivals. While the franc fell against the pound and the greenback, it rose against the euro. Against the yen, it held steady.

As of 3:10 am ET, the Swiss franc was trading at 1.2150 against the Euro, 1.5316 against the Pound, 0.8938 against the US dollar and 113.91 against the Yen.



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Source: Alliance News


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