The Swiss franc eased against the sterling and greenback on Monday in New York, including slumping to a weekly low against the buck. Investors digested a report showing Swiss producer and import prices rose slower than expected in September.
The Swiss producer and import prices rose 3.7% year-on-year in September, slower than the 4% rise seen in the previous month, the Federal Statistical Office said. Economists had expected annual growth to ease to 3.9% in September.
The Swiss franc declined to a weekly low versus the dollar on Monday. The franc slid to 1.1440 just before 1:00 pm ET, down from 1.1244 in the mid-morning.
Traders contemplated remarks made by the Federal Reserve Bank of Kansas City President Thomas Hoenig that the saving grace for the financial system should come from private institutions.
Against the euro, the franc lacked direction on Monday. The pair bounced between 1.5338 and 1.5504 throughout the day, staying just below Friday's multi-year high. Investors considered a report showing the French current account contracted more than expected in August.
Versus the pound on Monday, the franc slipped away from Friday's multi-year high. The franc dipped to 1.9799 just before 1:00 pm ET, down from 1.9289 around midnight. Traders mulled a report showing U.K. output price inflation fell more than expected in September.
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