Swiss Inflation Hits Two-Year High of 1%
Swiss annual inflation accelerated to 1.0% in September, marking the highest rate in just over two years and meeting analysts' forecasts. Month-on-month prices remained unchanged, also in line with consensus.
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Swiss annual inflation accelerated to 1.0% in September, marking the highest rate in just over two years and meeting analysts' forecasts. Month-on-month prices remained unchanged, also in line with consensus.
The euro and Swiss franc fell to 16-month lows against the dollar, while the benchmark 10-year Treasury yield settled above 5% after touching its highest since June 2007. The Australian dollar weakened after the Reserve Bank of Australia raised rates as expected.
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