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Swiss franc pares gains after inflation release
The Swiss franc has edged higher on Thursday. In the North American session, USD/CHF is trading at 0.9064, down 0.17%. Swiss inflation steady at 1.7% Switzerland’s inflation rate remained at 1.7% y/y in October, matching the market consensus. On a monthly basis, inflation rose 0.1%, compared to -0.1% in September and matched the market consensus. The core rate rose from 1.3% to 1.5% y/y. Inflation continues to be a massive headache for the major central banks, but the Swiss National Bank has inflation where it wants it, within the target of 0%-2%. The SNB has voiced concern that inflation could breach the 2% ... (full story)