USD/CHF continues its losing streak for the third successive session, trading around 0.8210 during the Asian hours on Monday.
The pair loses ground as the US Dollar (USD) may face challenges amid growing concerns regarding slow growth and renewed inflation in the United States (US).
US President Donald Trump threatened to double import tariffs on steel and aluminum, increasing them to 50% from 25%.
Additionally, the Swiss Franc (CHF) receives support from increased safe-haven demand following decision by the US Court of Appeals for the Federal Circuit in Washington, on Thursday, temporarily allowed President Trump's tariffs to take effect.
The decision has reversed a Wednesday's judgement made by a three-judge panel at the Court of International Trade in Manhattan to halt Trump from imposing "Liberation Day" tariffs from taking effect.
Traders keep their eyes on the Swiss National Bank (SNB) monetary policy outlook, with a widely expectations of rate cut to zero in June's policy meeting.
Deflation risks in Swiss economy remain a key concern with headline CPI flat year-over-year in April and core inflation easing to 0.6% from 0.9%.
Source: Fxstreet
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