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Early tomorrow we have the release of the only major event on the economic calendar for Switzerland this week. Data for the Alpine nation has been coming in line with expectations lately.
But, with the economy just barely in growth territory and subject to broader economic weakness in the European continent, traders are broadly wary of the potential for unexpected negative news. So, if there is a miss with the data here, we could see some volatility in CHF pairs.Test your strategy on how the CHF will fare with Orbex - Open Your Account Now.
Expectations and Timing
The data will be released at 08:30 CET (or 3:30 EST). Expectations are for PPI to have remained flat during February, which would be an increase over the negative 0.7% registered in January.
On a year over year basis, though, producer prices are expected to have fallen 1.0%. This is substantially larger than the 0.5% annualized drop for the prior month.
Last month’s negative result was the first time the monthly index...
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