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- USD/CHF gains ground to near 0.8225 in Tuesday’s Asian session.
- US and China set to continue trade talks, easing fear of trade tensions.
- Geopolitical risks could support the CHF and act as a headwind for the cross.
The USD/CHF pair trades in positive territory around 0.8225 during the Asian trading hours on Tuesday. The optimism over the resumption of US-China trade talks provides some support for the Greenback. The US Consumer Price Index (CPI) report for May will be in the spotlight on Wednesday.
US-China trade talks were scheduled to continue in London on Tuesday, as the world’s top two economies sought to resolve disagreements following a call between the leaders of the two countries. Trump said that the talks were going well and he was “only getting good reports,” according to Reuters.
Investors will keep an eye on the US CPI inflation data for May, which is due on Wednesday. The report could offer some hints about the tariff impact and interest rate outlook. If the report shows a hotter-than-expected inflation outcome, this could lift the USD against the Swiss Franc (CHF).
Meanwhile, Kyiv and Odesa came under another mass Russian attack early Tuesday, involving ballistic missiles and drones. Explosions were heard across the capital as air defense systems engaged the targets. Persistent geopolitical tensions in the Middle East and the ongoing Russia-Ukraine war could boost the safe-haven flows, benefiting the CHF.
