Swiss franc falls after Switzerland inflation flat in April

The Swiss franc weakened against the dollar and euro after Swiss consumer price inflation data which was unexpectedly flat in April.

Official data published on Wednesday by the Swiss Federal Statistics Office showed that CPI was unchanged in April, which was contrary to expectations for a 0.1 percent increase.

Swiss consumer prices recorded an increase of 0.2 percent in March.

Year-over-year, Swiss consumer prices fell at an annualized rate of 0.6 percent in April, compared to expectations for a 0.5 percent drop decline, after falling at a rate of 0.6 percent in March.

The Swiss franc fell for about 30 minutes after the data at 09:15 am Swiss time, edging down against other major currencies.

USDCHF rose to 0.9404 from a pre-data low of 0.9376. EURCHF climbed to 1.2316 form 1.2298.

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