- USD/CHF maintains its position as the US Dollar remains stable ahead of Producer Price Index data due on Wednesday.
- The Greenback may further appreciate as the June inflation report increased odds of the Fed maintaining current interest rate levels.
- The Swiss National Bank is expected to delay further monetary policy easing due to hot inflation data for June.
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. The Fed Beige Book and Industrial Production will also be eyed.
Furthermore, the US Dollar may further appreciate following the June inflation report, which renewed concerns over the prospect of prolonged high interest rates from the…
