USD/CHF hovers below 0.9152, the highest since October reached on Monday.
US Dollar strengthened as higher Retail Sales amplified expectations of the Fed prolonging higher policy rates.
Swiss Franc faces challenges due to the likelihood of SNB implementing another rate cut in the June meeting.
USD/CHF recovers its recent losses registered in the previous session, trading near 0.9120 during the early European hours on Tuesday. The strength of the US Dollar (USD) provides support to bolster the USD/CHF pair. This strength is fueled by better-than-expected Retail Sales figures from the United States (US), which have increased expectations that the Federal Reserve (Fed) might maintain higher interest rates for an extended period.
Moreover, the US Dollar Index (DXY)