The USD/CHF pair attracts some sellers to around 0.8845 during the early European session on Monday. US President Donald Trump's unpredictable trade policy and a series of weak US economic data weigh on the US Dollar (USD) against the Swiss Franc (CHF). Later on Monday, the US February Retail Sales data will be published.
Optimism that the Trump administration would boost the economy turned into concerns that his trade policies might spark a recession. Data released on Friday indicated that the US Consumer Sentiment Index fell to a nearly 2-1/2-year low in March, but inflation expectations rose amid concerns about the impact of Trump's sweeping tariffs, which have sparked a global trade war.
The US defense secretary said on Sunday that the United States will continue attacking Yemen's Houthis until they stop attacks on shipping as the Iran-aligned group threatened to escalate in response to deadly US strikes the day before.
The escalating trade war between the US and many of its major trading partners, fears about the impact on economies across the world and rising geopolitical tensions in the Middle East could boost the CHF, a safe-haven currency and act as a headwind for the pair.
Source: FXStreet
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