Industrial Production in the United States (US) expanded by 0.3% on a monthly basis in June, the data published by the Federal Reserve showed on Wednesday. This reading followed the 0.2% contraction recorded in May and came in better than the market expectation for an expansion of 0.1%.
The Producer Price Index (PPI) for final demand in the US rose 2.3% on a yearly basis in June, the data published by the US Bureau of Labor Statistics showed on Wednesday. This reading followed the 2.6% increase recorded in May and came in below the market expectation of 2.5%.
USD/CHF continues its winning streak for the third successive session, trading around 0.8020 during the Asian hours on Wednesday. The pair appreciates as the US Dollar (USD) remains stable, traders adopt caution ahead of the upcoming US Producer Price Index (PPI) later on Wednesday.