Swiss Franc Rises to Multi-Month High After Inflation Accelerates
Swiss annual inflation rose to 1.5% in October from 1.0% in September. The franc reached a five-month high against the euro and a seven-week high against the dollar.
The Swiss franc rises to a five-month high against the euro and seven-week high versus the dollar after data showed inflation accelerated sharply in October. Annual inflation rose to 1.5% in October from 1.0% in September. The data support market expectations for the Swiss National Bank to raise in…