Thomas Jordan, the Chairman of the Swiss National Bank (SNB), has indicated that the SNB might further increase interest rates in the future. Additionally, Switzerland's industrial production in the third quarter increased by 2.0%, a significant improvement from the previous quarter's -0.7%, supporting a stronger Swiss franc.

The subdued Consumer Price Index (CPI) in the United States for October has led investors to anticipate the possibility of the Fed raising interest rates again in their December meeting and potentially reducing rates in 2024. The US CPI sits at 3.2% (YoY), down from the previous figure of 3.7%.

Switzerland's import and export data will be announced on Tuesday. Investors are also keenly observing key economic indicators in the US, such as home sales figures and the Federal Open Market Committee (FOMC) meeting reports, which may provide insights into the Fed's future decisions regarding interest rates.