Swiss Producer Price Index falls by 0.1%

Friday, 13 May 2011 11:02

Producer and Import Prices in Switzerland were released with lower than expected results.  0.4% was the figure expected to be released today for Swiss PPI, instead the results came out at 0.3%.  Price of goods and raw materials purchased by manufacturers were lower this time, when usually the figure released is greater than the figure predicted, it means good news for the currency.

USD/CHF is currently trading at 0.8811.  EUR/CHF at 1.2604.