by ForexNewsNow Team on September 13th, 2010

Indicator analysis: Swiss producer prices rise unexpectedly

NEW YORK (Forex News Now) – Producer price inflation in Switzerland rose unexpectedly in August, official data showed on Monday in one of the day’s major realtime forex news events.

In a report that required quick indicator analysis, the Swiss statistics agency said its Producer Price Index rose 0.1 percent during the month, up from a drop of 0.5 percent in July.

Analysts had expected a slide of 0.1 percent in August, two major online FX trading news outlets reported.

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