Swiss franc rises against dollar
This is a U.S. news story, published by CNBC, that relates primarily to SNB news.
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strong Swiss francCNBC
•Business
Business & Economics
Investor appetite for the safe haven Swiss franc is causing problems for its central bank
87% Informative
Swiss inflation turned negative in May , with the country's Consumer Price Index falling by 0.1% year-on-year .
The Swiss franc has appreciated 10% against the U.S. dollar since the beginning of the year .
As the currency appreciates, imports which play a significant role in Switzerland 's economy become cheaper.
The price of imported goods contracted significantly, falling by 2.4% on an annual basis.
Swiss central bank could be hit with higher tariffs from the U.S. if it buys foreign currencies.
Analysts say it is likely the SNB will intervene in markets in the coming months .
Last month , SNB 's Schlegel said Swiss officials had held constructive talks with the US on the central bank's FX interventions.
VR Score
92
Informative language
93
Neutral language
73
Article tone
formal
Language
English
Language complexity
53
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
short-lived
External references
3
Source diversity
3
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