Investors are anticipating the release of the Swiss National Bank's (SNB) Financial Stability Report, which will be unveiled on Thursday. This report will allow investors to assess the stability of the bank and the financial market infrastructure. Additionally, they will keep an eye on producer and import prices.
The US dollar continues to be supported ahead of the Federal Reserve's monetary policy decision today. Investors expect the Fed to maintain the interest rate at 5.50% to control inflation and achieve the 2% target.
Moreover, strong employment data from the US in May has reduced the likelihood of the Fed cutting interest rates in September. Investors also note that US inflation data is expected to rise later this year.