Trade Desk Thoughts - Swiss PPI

Actual 0.5%, Expected 0.3%, Previous 0.6%

Release Explanation: The PPI measures the rate of inflation of manufacturers when purchasing Goods and Services; the rate of Inflation at the factory Gate. An increase in the price of raw Goods and services usually gets passed on to the consumer, therefore this is the first stage on Retail Inflation.

Trade Desk Thoughts: The Swiss Producer price index increased from last month by 0.5%, however, the pace of growth was lower than in the previous months. The largest degree of inflationary pressures came from the energy sector, reflecting the strong gains in the commodity market during the last year.

Forex Technical Reaction: The swissy is weakening as the market absorbs the valuation of the two releases coming from Switzerland.

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