Ella 
USD/CHF remained well supported above the psychological support level of 0.9000 on Tuesday. The pair fell into consolidation as traders awaited the release of the US Consumer Price Index (CPI) at 21:30 Beijing time on Tuesday.
S&P 500 futures were little changed during the European session, reflecting caution among market participants ahead of U.S. inflation data. The U.S. dollar index rebounded from 105.60 but fell into sideways trading. CPI data will provide new clues about the Federal Reserve’s monetary policy.
According to market consensus, the overall CPI in the United States is expected to increase by 0.1% in October, compared with the previous value of 0.4%. CPI is expected to increase at an annual rate of 3.3%, compared with the previous value of 3.7%. Monthly and core CPI are expected to increase steadily at 0.3% and 4.1%.
Stubborn core CPI will prompt Fed policymakers to favor further interest rate hikes. Last week, Fed Chairman Powell believed that current monetary policy was not enough to reduce inflation to 2%.
In the Swiss franc, investors awaited a speech by Swiss National Bank President Jordan. He is expected to provide guidance on possible monetary policy actions. Jordan may emphasize keeping interest rates rising to keep inflation below 2%.
