USD/CHF exchange rate decline following the release of lower than expected Swiss consumer price indexDeltafx Admin 10 January 2023
Swiss Consumer Price Index (CPI)
The Consumer Price Index (CPI) measures changes in the prices of goods and services from the perspective of consumers. This index is an important tool for measuring changes in purchasing power and inflation trends. This index can affect the currency in two ways: an increase in the CPI can lead to an increase in the interest rate and an increase in the initial currency; on the other hand, an increase in the CPI during a recession can lead to a deeper recession and thus a decrease in the value of the source currency.
The Swiss Consumer Price Index was released at 7:30 a.m. on January 4 at -0.2%, 0.1% below expectations. It should also be noted that the value of the previous period of this index was 0.0%.
After the publication of this index, we saw the decline of the currency pair USD/CHF to the level of 0.9259 on the markets