CHF more vulnerable external factors - Westpac

Research Team at Westpac, suggests that the CPI and PPI data remain decidedly deflationary and so the SNB have no reason to alter their NIRP policy.

Key Quotes

“The lack of important data will leave CHF more vulnerable external factors.

Technical: Range bound. Although the range appears to have been tightening around the 0.9700 area, USD/CHF remains without any clear directional bias and so effectively bound between 0.95-1.00 with only a mild near term bias to test range resistance.”