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The USD\/CHF<\/a> pair is marginally higher to near 0.8480 in Tuesday\u2019s European session. The Swiss Franc asset edges higher as the Swiss Franc (CHF) weakens amid uncertainty ahead of the Swiss National Bank\u2019s (SNB) interest rate decision, which will be announced on Thursday.<\/p>\n The SNB<\/a> is widely anticipated to cut interest rates by 25 basis points (bps) to 1%. This would be the third straight quarter-to-a-percentage rate cut as inflation in the Swiss economy has been sustained below the bank\u2019s target of 2% since June 2023. In August, the annual Consumer Price Index (CPI) decelerated further to 1.1%, the lowest from April of this year.<\/p>\n Meanwhile, the Swiss Franc asset gains despite the US Dollar (USD) retreats as growing concerns over the United States (US) job growth have stoked market expectations for second straight Federal Reserve (Fed) 50 bps interest rate cut in the November meeting. The US Dollar Index<\/a> (DXY), which tracks the Greenback\u2019s value against six major currencies, declines to 100.80.<\/p>\n \u201cThe Federal Reserve to cut rates by another 50 basis points in November, a decision that will largely depend on incoming data, especially the next monthly jobs report,\u201d according to strategists from Citi.<\/p>\n Later this week, investors will pay close attention to the US Personal Consumption Expenditure Price Index<\/a> (PCE) for August, which will be published on Friday. The US core PCE inflation, a Fed\u2019s preferred inflation gauge, is estimated to have accelerated to 2.7% from 2.6% in July.<\/p>\nEconomic Indicator<\/h2>\n