In May, US PPI rose 0.1% mom 1.8% yoy versus expectation of 0.1% mom, 1.9% yoy. PPI core rose 0.2% mom, 2.3% yoy versus expectation of 0.2% mom, 2.3% yoy. Full release here.

USD/CHF rises mildly after the release. But there is no indication of bullish reversal yet.

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