Swiss producer and import price index rose 0.9% on month in April, the statistical office said Monday. On a yearly basis, the index gained 2.6%. Economists expected 0.4% increase on month and 2.0% climb annually. The import price index moved up 1.4% on month and climbed 3.4% on year.
In the evening hours on Sunday, the European currency made advances against the U.S. dollar. The pair lost a few pips at about 6:55 pm ET and then moved sideways. The euro resumed the same trend during the very early deals on Monday. However, at about 2:40 am ET, the pair started to trade lower and has been weakening further lately. As of 4:15 am Eastern Time, a Euro was worth 1.3505 against the dollar.
The Euro traded in a range versus the British currency on late Sunday in New York. At about 1:00 am ET Monday, the euro gained some momentum but the pair edged lower soon after. Currently the pair has been moving further lower and as of 4:15 am Eastern Time, a Euro fetched 0.6844 against the Sterling.
Late Sunday in New York, the European currency showed strength against its Japanese counterpart and fetched a high of 163.96 by about 10:30 pm ET. The pair entered a tight range thereafter and extended the same trend until about 2:40 am ET Monday. The euro then ticked down and as of 4:15 am Eastern Time, traded at 163.78 against the Yen.
Against the Swiss Franc, the European currency traded slightly during the late Sunday trading. At about 9:40 pm ET, the euro bounced back some of its losses and then followed a sideways movement. The pair was limited between 1.6285 to 1.6295. The euro continued the same trend in the very early deals on Monday, but it dropped at about 3:05 am ET. As of 4:15 am Eastern Time, a Euro was quoted at 1.6278 against the Swiss Franc.
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