Swiss Franc recovers territory from Greenback lost in US morning session

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• The Swiss Franc weakens marginally against the US Dollar on Thursday after the release of US inflation data. 
• The data shows headline inflation coming out at 3.4%, beating estimates and previous results.
• Core inflation, however, shows less upside pressure and moderates down YoY. 

The Swiss Franc (CHF) is down just a tenth of a percent against the US Dollar (USD) on Thursday afternoon after sinking by half a percentage point earlier in the day. The release of mostly higher-than-expected US inflation data caused the sell-off as the data suggests that the Federal Reserve (Fed) may delay cutting interest rates in order to keep up its war against inflation. Since higher interest rates attract more foreign capital inflows, the news is bullish for the US Dollar.