The geopolitical tension in the Middle East, which has escalated, may directly affect the value of the Swiss Franc (CHF). Additionally, Switzerland's producer and import price index announcements may further bolster demand for the Swiss Franc.

The inflation rate in the United States continued to rise in February, with the Consumer Price Index (CPI) increasing by 3.2% from 3.1% in January. Furthermore, Core CPI, which excludes food and energy with volatile prices, rose by 0.4% on a monthly basis in February.

The persistent strong CPI may necessitate the Federal Reserve to maintain interest rates for a longer period. This, in turn, could support the value of the US dollar. Federal Reserve Chairman Jerome Powell stated last week that the Fed is inclined to reduce interest rates this year. However, the central bank needs to monitor additional inflation data to ensure that the inflation rate returns to the target of 2%.