USD/CHF extends its losses on the likelihood of no further interest rate hike by the US Fed. Fed is expected to conclude its policy tightening as US economic data ease. CHF could lose ground as Swiss CPI persists below the 2% target. 8980 during the early European hours on Monday. The pair faces challenges as the US Dollar demonstrates weakening after a slew of disappointing employment data released from the United States .
The weakening in the US Dollar can be attributed to downbeat US Treasury yields, a reaction to disappointing US labor data. The yield on a 10-year US Treasury bond stood at 4.59% by the press time. On the other side, the Swiss Franc might encounter challenges against the Greenback especially with the Swiss Consumer Price Index persisting below the 2% target. Swiss annual inflation at 1.7% aligned with estimates and the previous release. The monthly inflation saw a slight increase of 0.