Switzerland: Inflation up 0.3% in February, as expected

Swiss CPI grew 0.3% in February, following the 0.3% decrease registered the previous month, according to data released today by the Swiss Federal Statistical Office. This result is in line with consensus.

Year-over-year Swiss CPI slid 0.3% in February after falling 0.3% also in January, according to forecasts.

Mar 8, 2013

Forex: USD/CHF trading at 0.9440/41 after Swiss CPI

An earlier upside attempt by the USD/CHF stalled at 0.9455 (session high) recently during European trading, subsequently causing the pair to surrender some of its losses. On the heels of some Swiss data, which offered little surprises, the pair has continued its descent, though is still trading positively at 0.9440/41 Friday.

Forex: EUR/USD revisits 1.3100 ground on European opening

As the market enters the European session, the EUR/USD is revisiting the 1.3100 ground after finding support at 1.3080. The pair remains “red” on the day but losses are close to being fully erased.