The USD/CHF pair hovers near six-month high around 0.9150 in Monday’s European session.
USD/CHF gathers strength to break above 0.9150 as geopolitical tensions improve safe-haven demand. US bond yields soar as the Fed is expected to maintain a restrictive monetary policy for a longer period. Easing Swiss producer inflation boosts expectations of more rate cuts by the SNB .
In today’s session, investors will focus on the monthly Retail Sales data for March, which will be published at 12:30 GMT. The Retail Sales data is estimated to have grown at a slower pace of 0.3% against the prior reading of 0.6%. A slowdown in Retail Sales would release some heat from the stubborn inflation outlook.
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