USD/CHF extends gains to near 0.9100 ahead of US PPI

USD/CHF appreciates as the Fed is expected to maintain higher interest rates for longer. Fed Vice Chair Philip Jefferson has advocated for keeping rates higher until signs of inflation easing become clear. The Swiss Franc may encounter selling pressure as the SNB intensifies its focus on combating inflation.

However, it still significantly trailed the long-term average. On Tuesday, Producer and Import Prices data for April is due, an indicator of consumer price inflation provided by the Federal Statistical Office of Switzerland. The Swiss Franc may struggle as the Swiss National Bank has redirected its attention from deliberately strengthening the Swiss Franc , as the central bank intensifies its focus on combating inflation.

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