EUROPEAN FX HEADLINES: WEEK OF JULY 14
EURO-ZONE ECONOMIC CALENDAR
There are no data on the Euro economic calendar for Monday, July 15.
UK ECONOMIC CALENDAR
There are no data on the British Pound economic calendar for Monday, July 15.
SWISS ECONOMIC CALENDAR
Swiss data was light this morning with only some ‘low’ tiered inflation data showing that SNB policy may be finally starting to turn the tides in terms of price pressures. Like the BoJ, the SNB is seeking to foster inflation by keeping its currency weak; and the EURCHF floor that’s been in place at Sf1.2000 since September 6, 2011, is the policy tool being used to accomplish. Ultimately, these data on a standalone basis should amount to little.
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--- Written by Christopher Vecchio, Currency Analyst
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