Source: ForexYard Deflation Returns to Switzerland Swiss CPI data from October showed a larger than expected decline in prices. As such, traders have tried to get out ahead of the next possible move by the SNB to weaken the CHF. Economic News USD – US Data Decoupling from Euro Zone US economic data is seen as improving while recent data in Europe presents a bleak picture of an economy that is heading for a recession. Beginning with a respectable Q3 GDP result of 2.5% growth and a respectable NFP report showing an additional 80K jobs were added. Europe on the other hand reported weak PMIs last week while yesterday's release of German industrial production contracted -2.7% on consensus . . . → Read More: Deflation Returns to Switzerland