EUR/CHF Bounces as Lower Eurozone Inflation Expectations Fail to Derail ECB's September Hike

EUR/CHF recovered after briefly dipping to 0.9196 as the latest ECB Consumer Expectations Survey offered modest encouragement on inflation but ultimately reinforced expectations that the central bank's tightening cycle is not over. While households became less concerned about inflation over the coming year, the improvement was not sufficient to materially alter the policy outlook.