World Economy

Swiss CPI Up

Swiss CPI UpSwiss CPI Up

For the 24 hours to 23:00 GMT, the USD declined 0.28% against the Swiss franc and closed at 0.95, reported. The Swiss franc strengthened, after Switzerland’s consumer price index advanced in line with investor expectations by 0.3% MoM in March, following a 0.2% rise in the previous month. On the other hand, the nation’s seasonally adjusted unemployment rate rose to a level of 3.5% in March, in line with market expectations, from a level of 3.4% in the prior month. In the Asian session, the pair is trading at 0.95, with the USD trading 0.1% lower from Friday’s close. The pair is expected to find support at 0.9501, and a fall through could take it to the next support level of 0.9475. The pair is expected to find its first resistance at 0.95, and a rise through could take it to the next resistance level of 0.96.