Swiss franc flat before inflation data

30 Jun, 2006

The Swiss franc continued to hover just above an eight-week low against the single European currency in early trade on Thursday ahead of inflation data and key economic growth forecasts. The franc traded at 1.5633 to the euro, virtually unchanged on the day, after touching an eight-week low at 1.5677 on Tuesday.
Against the dollar the franc was also flat at 1.2459.
Consumer price data, due at 0545 GMT, is expected to show that prices have risen by 1.5 percent in June from a year ago, below the SNB's threshold for price stability of 2 percent. The Swiss government is also due to give its quarterly economic growth forecasts at the same time.

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