USD/CHF loiters near monthly lows around 0.9150 amid risk-off mood

• USD/CHF manages to start the fresh trading week on a higher note.
• Lower US Treasury yields undermine the demand for the US dollar.
• Fading US interest rate bets, higher inflation concerns, and risk-off mood casts a spell on the greenback.

USD/CHF keeps its footing firm on Monday in the early Asian session. After hitting the high of 0.9185, the pair recorded a fall of more than 30-pips and touched the monthly lows around 0.9150 in the previous session. At the time of writing, USD/CHF is trading at 0.9163, up 0.11% for the day.

The US Dollar Index (DXY), which tracks the greenback performance against its six rivals, trades near 93.50, following lower US benchmark 10-year Treasury bond yields. The US Fed Chairman Jerome Powell hinted that the central bank is prepared to begin tapering its monthly bond purchases but warned that inflation is likely to remain elevated into 2022.

In addition to that, US Treasury Secretary Janet  Yellen said that US inflation is under control in an interview with CNN on Sunday.

On the other hand, the Swiss franc gains momentum on its safe-haven appeal. It is worth noting that, S&P 500 Futures are  trading at 4,529, down 0.16% for the day.

As for now, traders are looking for the US Chicago Fed National Activity Index to take fresh trading insight.

USD/CHF additional levels