• The USD/CHF is currently hovering around the 0.8840 level, experiencing mild losses.
• Investors are taking a backseat after pushing the pair down by more than 1% last week. 
• FOMC November's minutes will be the week's highlight.

During Monday's session, the USD/CHF pair experienced some softening, trading around 0.8840, reflecting mild losses. While there were no significant swings in the market, the pair traded in a limited range, and investors assess last week’s data from the US on a quiet Monday.

The latest report from the US Bureau of Labor Statistics revealed that the US Core Consumer Price Index (CPI) fell short of expectations in October. It registered a year-on-year (YoY) growth of 4%, slightly below the anticipated 4.1% and a slowdown from the previous figure of 4.1%. The headline figure, on the other hand, showed a YoY growth of 3.2%, which was lower than the consensus of 3.3% and down from the previous reading of 3.7%. 

In that sense, the US reporting soft inflation figures significantly impacted the USD as investors started to price in no more hikes by the Federal Reserve (Fed) and sooner rate cuts. For the rest of the week, no relevant reports will be released, and the market’s focus shifted to Wednesday’s Federal Open Market Committee (FOMC) November minutes to seek any clues on the next monetary policy decisions. In addition, investors await any fresh guidance regarding the bank’s stance on inflation and if a month of positive data is enough for the Fed to end the tightening