Swiss July producer and import price report 15 Aug 2016

  • +0.1% prev
  • yy -0.8% vs -0.9% exp vs -1.0% prev

Slightly stronger than expected but still on the wrong side of the tracks for the SNB.

USDCHF 0.9750 EURCHF 1.0891 both just off session highs. Offers at 1.0900 capping both for the moment.