CHF review

Western Union notes: 

Switzerland will publish their latest inflation report on Tuesday June 09 at 08:15 and expectations are for a drop in inflation from -1.1% (y/y) to -1.2%. 

Weaker inflation could increase pressure on the Swiss National Bank to either introduce new monetary easing or increase FX intervention to weaken the Swiss franc. The safe haven franc has appreciated because of Greek debt worries and the SNB says the currency is highly overvalued.