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Switzerland’s Producer/Import Price index for October slipped by 0.20% from the previous month, and was down 1.8% from 12 months ago.
Industrial production in the Eurozone fell 2.0% in September from August, but was still up 2.2% from the same period last year.
The dollar rose from 0.8962 to 0.9114 against the Swiss franc yesterday as currency markets got off to a slow start to the week and the EUR/USD gradually slipped to below 1.36. A raft of macroeconomic figures is due out today which will include US retails sales, the PPI and business inventories. For today, our expected trading range is 0.9000-0.9150.
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