Swiss consumer prices shrank 0.1% y/y in May, the first such contraction since March 2021, matching expectations. On a monthly basis, prices rose 0.1% as expected. Such data powerfully bolsters the odds of a Swiss interest rate cut in June. ...

The euro fell in European trade on Tuesday away from a six-week high against the dollar, scaled in the Asian session, amid active profit-taking, while investors shun new positions before European inflation data for May. Recent bullish eurozone data and remarks by ECB officials hurt the odds of an interest rate cut this week. The Price The EUR/USD price fell...

the eurozone consumer prices rose 1.9% y/y in May, below estimates of 0.2%, and down from a 2.2% rise in April. core prices, excluding food and energy, rose 2.3%, below estimates of 2.4%, and down from 2.7% in the previous reading. ...

The New Zealand dollar fell in Asian trade on Tuesday against a basket of major rivals, giving up an eight-month high against the dollar on profit-taking. The odds of a New Zealand rate cut in July took a dip recently, with investors now awaiting important New Zealand data on inflation, unemployment, and growth to gather more clues. The Price The...