The USD/CHF pair attracts some sellers to near 0.8800 during the early European session on Tuesday.
Probable US economic slowdown and continued policy uncertainty surrounding the Trump administration's trade policy exert some selling pressure on the US Dollar (USD). Investors will closely monitor the US Consumer Price Index (CPI) inflation report, which is due on Wednesday.
Fears about a tariff-driven slowdown in US growth have rattled US stocks and the USD.
"The market is unsure whether fading U.S. exceptionalism will continue to hurt the dollar or whether the dollar benefits from its safe-haven status," said Bank of Singapore strategist Sim Moh Siong. Nonetheless, analysts believe that the extended downside for stock markets may lead to a safe-haven currency like the Swiss Franc (CHF).
Risk-averse investors have sought the Swiss Franc sending the pair to multi-month highs against the Greenback. Additionally, the rising bets that the Federal Reserve (Fed) will cut the additional interest rate could undermine the Traders are pricing in 75 basis points of cuts from the Fed this year, LSEG data showed, with a rate cut fully priced in for June.
The US CPI report for February will be in the spotlight on Friday, which might offer some hints about the inflation trajectory in the US.
The headline CPI inflation is expected to cool down in February after accelerated in January.
Source: FXStreet
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