The USD/CHF pair traded on a weaker note around 0.9040 during the early European trading hours on Tuesday (1/7). The US dollar (USD) weakened amid confusion over President-elect Donald Trump's tariff plans. Investors will be watching how aggressive Trump's policies will be once he takes office. On Tuesday, the preliminary reading of the Eurozone Harmonized Index of Consumer Prices (HICP) for December will be released.
However, the cautious stance of US Federal Reserve (Fed) officials could help limit the USD's losses. Fed Governor Lisa Cook said on Monday that Fed policymakers could be more cautious with further interest rate cuts, citing a resilient labor market and higher inflation. Several Fed policymakers are scheduled to speak later this week. Any hawkish comments from Fed officials could lift the greenback against its rivals in the near term.(AL)
Source: FXStreet
