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Swiss Inflation Unchanged in July

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Swiss consumer prices unexpectedly remained unchanged in July, snapping 21 months of declines.
Prices held steady from a year earlier after dropping 0.1 percent in June, the Federal Statistics Office in Neuchatel said in an e-mailed statement today. Economists expected an annual decline of 0.1 percent, according to the median of 15 estimates in a Bloomberg News survey.
The Swiss National Bank (SNBN) imposed a franc ceiling of 1.20 versus the euro in September 2011 to fight deflation threats. Even so, consumer prices continued to drop and before last month were in their longest stretch since at least 1971, according to data compiled by Bloomberg.

via Bloomberg

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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