The Swiss franc rose against the US dollar today, following the euro. The Swissie dropped against the shared European currency itself for the second day as Switzerland’s consumer prices fell last month more than was expected.
The Consumer Price Index declined 0.2 percent in December from a month ago, while analysts have expected a 0.1 percent drop. The index was down 0.3 percent in November. The annual decline was 0.4 percent. The continuing deflation spurred talks that the Swiss National Bank may take additional steps to weaken the franc.
USD/CHF fell from 0.9138 to 0.9122 as of 15:56 GMT today. Meanwhile, EUR/CHF jumped from 1.2129 to 1.2173 and its daily high of 1.2197 was highest since December 2011.
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