

USD/CHF holds positive ground around 0.9125 in Tuesday's early European session. 
China announced a levy of additional tariffs of up to 15% on select US imports starting February 10. 
Swiss Real Retail Sales rose 2.6% YoY in December. 
The USD/CHF pair trades with mild gains around 0.9125 during the early European session on Tuesday. The markets might turn cautious later in the day as traders await the developments surrounding tariff negotiations with China.
China's finance ministry on Tuesday announced a package of tariffs on a range of US products, including crude oil, farm equipment, and some autos, in an immediate response to a 10% tariff on Chinese imports announced by US President Donald Trump that went into effect at 05:01 GMT on Tuesday.
The development surrounding trade tariff policies will be closely monitored. Economists said the tariffs are widely expected to push up U.S. inflation, supporting the USD by keeping US interest rates higher for longer.
On the Swiss front, the country's Real Retail Sales climbed by 2.6% YoY in December, compared to 1.4% (revised from 0.8%) prior, according to the Federal Statistical Office on Friday. This reading came in hotter than the 0.6% expected.
The Swiss Franc (CHF) is Switzerland's official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country's economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc's value, causing a turmoil in markets. Even though the peg isn't in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
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