Switzerland producer & import prices May mm +0.4% vs +0.1% exp

Switzerland May producer & import prices 14 June 2016

• +0.3%
• yy -1.2% vs -1.5% exp vs -2.4% prev

Stronger than expected price data will be welcome news to the SNB but not a price changer per se.

USDCHF 0.9631 with EURCHF 1.0840 on the retreat again after failing to hold rally back above 1.0900. Safe-haven CHF demand still playing out.