The USD/CHF pair reached highs in early June but pulled back to 0.8990. The US dollar weakened due to disappointing PCE data for May, leading to increased odds of a Fed interest-rate cut in September. On Friday, the PCE data showed a slight decrease in inflation, prompting speculation about a rate cut. Federal Reserve officials are cautious about cutting rates, with differing opinions on the timing and frequency of cuts. Market focus remains on US labor data for further economic guidance. The Swiss economic calendar is quiet, with attention turning to the French legislative elections for potential impact on eurozone currencies. Technically, the USD/CHF pair is positioned above key SMAs, indicating a positive outlook despite some bearish signals. Buyers should focus on maintaining the 100-day SMA at 0.8980.