The USD/CHF pair extends its losing streak for the third trading session on Monday.
USD/CHF declines to near 0.9000 despite the US Dollar’s recovery. The US Dollar rebounds amid uncertainty ahead of US data-packed week. The Swiss Franc reflects sheer strength ahead of the Swiss CPI report for May The Swiss Franc asset weakens even though the US Dollar has rebounded amid uncertainty ahead of the United States data-packed week.
Investors will also focus on other sub-components such as New Orders and Prices Paid Indexes, which are leading indicators of inflation. Meanwhile, the Swiss Franc exhibits strength ahead of the Swiss Consumer Price Index data for May, which will be published on Tuesday. May’s CPI data will be the latest inflation reading available to Swiss National Bank policymakers that will indicate whether a subsequent rate-cut move is required.
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