USD/CHF may appreciate further due to fading odds of bumper rate cuts by the Fed in 2024.
The US Dollar receives support from market caution ahead of the US presidential election.
The recent lower Swiss inflation rate increased the dovish sentiment surrounding the SNB.
USD/CHF remains steady after registering losses in the previous session, maintaining its position above 0.8650 during Asian trading hours on Friday. This level is near its two-month peak of 0.8686, reached on Wednesday.

The strength of the USD/CHF pair could be linked to the robust performance of the US Dollar (USD), driven by rising expectations that the Federal Reserve (Fed) will take a less aggressive approach to interest rate cuts than previously thought.

Additionally,

USD/CHF edges higher as robust US labor and inflation data have diminished the likelihood of bumper rate cuts by the Fed.
Atlanta Fed President Raphael Bostic expects just one more interest rate cut of 25 basis points this year.
The Swiss Franc strengthened as lower inflation in September reduced the need for the SNB to implement substantial rate cuts.
USD/CHF retraces its recent losses registered in the previous session, trading around 0.8630 during the early European hours on Wednesday. The US Dollar (USD) continues to gain support as robust US Employment and Consumer Price Index (CPI) data have dampened expectations of aggressive Federal Reserve (Fed) easing.

Markets are now anticipating a total of 125 basis points in rate cuts over the

USD/CHF gained ground as FOMC left its benchmark lending rate in the range of 5.25%–5.50% on Wednesday.
Powell stated, “We don’t see ourselves as having the confidence that would warrant policy loosening at this time.”
Swiss Franc may see limited downside as SNB is unlikely to implement a rate cut in June.
USD/CHF retraces its losses from the previous session after the hawkish hold from the US Federal Reserve (Fed). The Federal Open Market Committee (FOMC) left its benchmark lending rate in the range of 5.25%–5.50% for the seventh consecutive time in its policy meeting on Wednesday, as widely anticipated. The pair edges higher to near 0.8950 during the Asian session on Thursday.
However, the Greenback faced challenges after the release of the softer inflation

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)