Without at least a small glimmer of hope of a rise in Swiss producer and
import prices things are not looking good for the SNB's target the development
of consumer prices.
Even if the market and the SNB seem to be comfortable with the current situation of a de facto peg of EUR-CHF, half-hearted interventions and repeated intervention threats, a price development that continuously flirts with deflation would be further proof that the status quo is unsustainable.
"The producer and import prices for June are on the Swiss data calendar today. The last result came in 6.1% below the previous year's level with a dramatic fall in prices. What will be decisive will be whether today's data justify the hope of a small recovery", says Commerzbank.
Otherwise there is a risk that the massive fall in producer and import prices will have a more pronounced effect on consumer prices than was so far the case. After all it seems difficult to imagine that the relation between consumer prices on the one hand and producer and import prices on the other will remain as distorted as it is at present.
Source : FX-Primus
#FX
#Forex
#SaleForex
#SwissPriceData
#DeclineStopped
#SiwssProducer
#ImportPrices
#SNB_Targets
Even if the market and the SNB seem to be comfortable with the current situation of a de facto peg of EUR-CHF, half-hearted interventions and repeated intervention threats, a price development that continuously flirts with deflation would be further proof that the status quo is unsustainable.
"The producer and import prices for June are on the Swiss data calendar today. The last result came in 6.1% below the previous year's level with a dramatic fall in prices. What will be decisive will be whether today's data justify the hope of a small recovery", says Commerzbank.
Otherwise there is a risk that the massive fall in producer and import prices will have a more pronounced effect on consumer prices than was so far the case. After all it seems difficult to imagine that the relation between consumer prices on the one hand and producer and import prices on the other will remain as distorted as it is at present.
Source : FX-Primus
#FX
#Forex
#SaleForex
#SwissPriceData
#DeclineStopped
#SiwssProducer
#ImportPrices
#SNB_Targets
0 Response to "Swiss Price Data, Decline Stopped"
Thanks for give comment.