The Switzerland's Federal Statistical Office on Wednesday released the index of producer and import prices for the month on November. The report showed that producer price inflation in Switzerland rose unexpectedly last month.
The index of producer and import prices rose by 0.1 percent in November 2016 compared to the previous month, reaching 99.9 points. Analysts had expected Swiss PPI to fall -0.1 percent last month.
The slight rise is mainly due to higher prices for scrap and petroleum products. Compared with November 2015, the price level of the total supply of domestic and imported products fell by 0.6 percent.
The franc changed little against the other major currencies after the release of Swiss producer and import price figures for Nov. The franc was trading at 1.0114 against the greenback, 113.74 against the yen, 1.0758 against the euro and 1.2812 against the pound around 3:17 am ET.
FxWirePro's Hourly CHF Spot Index was at 37.5923 (Neutral) at 1215 GMT, USD Spot Index was at -134.711 (Highly bearish). For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


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