USD/CHF Holds Above 0.8200 as Markets Await US-China Trade Developments

USD/CHF Flat Above 0.8200 as Investors Await US-China Trade Talks and CPI Data

Cautious Markets Keep USD/CHF Rangebound

USD/CHF is trading quietly above 0.8200 during Tuesday’s European session, hovering near multi-week lows. The pair reflects the broader sideways trend in the forex market as traders wait for a clear outcome from the ongoing US-China trade negotiations.

Despite recent downside pressure, comments from US President Donald Trump have supported sentiment. He referenced positive feedback from US delegates, helping cap losses in the US Dollar (USD) and restraining flows into safe-haven currencies like the Swiss Franc (CHF).

Trade Talks, Tariffs, and Rare Earths Remain in Focus

Talks between the two economic giants resumed for a second day in London, with negotiators attempting to resolve key disputes over rare earth exports, semiconductor trade, and overall tariff pressure. Market participants remain wary, holding positions until more definitive trade progress is reported.

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CPI Inflation Eyed as Next Macro Catalyst

Beyond trade, attention is turning toward Wednesday’s release of US CPI inflation data. Forecasts suggest an uptick in both headline CPI (to 2.5%) and core inflation (to 2.9%), reinforcing the Federal Reserve’s cautious stance.

However, any major updates from the US-China talks are likely to overshadow macroeconomic releases, potentially shifting market direction regardless of inflation trends.

Outlook: Trade Outcome Holds the Key

Unless new momentum is generated from either the US-China discussions or an unexpected CPI surprise, USD/CHF is likely to remain within its recent range, consolidating near 0.8200.

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