Middle East Oil Exports Recover as Tanker Costs Surge 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Oil Prices Hold Steady as Middle East Supply Risks Persist 
Dollar Eases Near Two-Month High as Yen Rebounds 
Gold Steady as Softer U.S. Inflation Eases Fed Rate Hike Bets 
Scope Warns US Debt Could Hit 160% of GDP 
Bank of America Sees EUR/USD at 1.15 by Year-End 
Asian Stocks Rise as Bond Yields Ease Ahead of U.S. Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold Prices Steady as Markets Await U.S. Jobs Data 
Add as a preferred source on Google
Consumer inflation in Switzerland improved during the month of December, remaining widely in line with what markets had earlier anticipated.
Swiss consumer prices declined 0.1 percent in December, which was in line with market expectations and followed the 0.2 percent decline in prices seen in November, data released by the Swiss Federal Statistical Office (SFSO) showed Thursday.
Consumer prices were unchanged over the year, which was also in line with expectations and compared with a 0.3 percent decline in the year to November. For 2016 as a whole, there was a decline in prices of 0.4 percent, following a 1.1 percent decline the previous month. There was a decline in domestic prices of 0.1 percent, while import prices declined 1.4 percent.
In addition, the Swiss National Bank (SNB) remains committed to price stability and there was a downgrading of the 2017 inflation forecast to 0.1 percent at 0.2 percent at the December monetary policy review. The SNB is, therefore, expected to remain very sensitive to inflation trends with fourth-quarter price increases lower than expected, reports said.
Meanwhile, USD/CHF traded at 1.02, up 0.04 percent, while at 11:00GMT, the FxWirePro's Hourly Swiss Franc Strength Index remained neutral at -46.90 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
