Swiss Producer and Import Prices Decrease in April (SCHP, SCHF)

Swiss producer and import prices decreased in April. According to Federal Statistics Office, producer and import prices grew by 0.3% in April, down from 0.4% recorded in February and 0.5% expected by most analysts. Slowdown in producer and import prices might reduce the overall level of inflation, lowering pressure on the Swiss central bank to increase interest rates. Lower interest rates will not be seen as good news for the Swiss franc. Those traders who believe interest rates in Switzerland are not likely to rise might be interested in ETFS Short Swiss Franc Long US Dollar ETC (Sterling) ETF (SCHP) and ETFS Short Swiss Franc Long US Dollar ETC ETF (SCHF).