• USD/CHF rebounds near 0.8955 in Monday’s early European session. 
• The hotter US PPI data on Friday did not change the Fed rate cut expectations in September.
• The political uncertainty underpins the Swiss Franc against the Greenback. 

The USD/CHF pair edges higher to 0.8955, snapping the two-day losing streak during the early European session on Monday. The firmer US Dollar (USD) provides some support to the pair. Later in the day, market players will watch the Swiss Producer and Import Prices for June, the NY Empire State Manufacturing Index for July, and the Fed’s Mary Daly speech. 

The US producer prices increased slightly more than forecast in June amid a rise in the cost of services, which lifted the Greenback against the CHF. The US Producer Price Index (PPI) rose to 2.6% YoY in June, compared to the previous reading of 2.4%, above the market consensus of 2.3%. The core PPI climbed 3.0% YoY, better than the market expectation of 2.5%. Furthermore, the University of Michigan's Consumer Sentiment Index survey dropped to 66.0 in July from 68.2 in June, the lowest in seven months, falling short of the expected increase to 68.5.