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Sep 27 - 06:55 AM

EUR/CHF - Plumbs One-Week Low On French CPI Downside Surprise

By Rob Howard  —  Sep 27 - 05:35 AM
  • EUR/CHF slid to 0.9401 EBS low as below-forecast French CPI data hurt euro

  • France's harmonized inflation rate up 1.5% YY in September vs 2.0% forecast

  • Spanish inflation also come in softer than expected; 1.7% vs 1.9% forecast

  • Softer French, Spanish inflation is boost for doves advocating Oct ECB cut

  • 0.9438 was Thursday's EUR/CHF EBS low, after SNB cut rates by 25 bps again

  • Swiss CPI data due next week (Oct 3); 1.1% YY forecast, unchanged vs August

Source:
Refinitiv IFR Research/Market Commentary

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