USD/CHF gathers strength above 0.8800 as investors brace for US CPI data

• USD/CHF trades in positive territory for the third consecutive day near 0.8810 in Tuesday's early Asian session. 
• The US CPI inflation data will be the highlight on Wednesday. 
• The SNB made no commitment to keep cutting interest rates.

The USD/CHF pair attracts some buyers to around 0.8810 during the early European session on Tuesday. The stronger US Dollar (USD) broadly provides some support to the pair. The Federal Reserve's (Fed) Christopher Waller, Thomas Barkin, Neel Kashkari and Patrick Harker are set to speak later in the day. The US Consumer Price Index (CPI), and Producer Price Index (PPI) will be in the spotlight on Wednesday. 

Trump's proposed policies including tax cuts, trade tariffs and deficit spending could trigger a fresh wave of inflation and could compel the US Fed to slow the pace of rate reductions. This, in turn, might underpin the Greenback against the Swiss Franc (CHF). 

The US Dollar Index (DXY), which tracks the performance of the USD against six peers, climbed to fresh four-month highs near 105.70. Traders will shift the focus to the US October CPI inflation data on Wednesday, which might offer some hints about the Fed's future rate path. 

On the Swiss front, the Swiss National Bank (SNB) Vice Chairman Antoine Martin said on Monday that the central bank is not locked into more interest rate cuts in December. "It's not useful for central banks to lock themselves into forward-looking communications, since between now and the next decision, there may be changes in conditions that render current communications invalid," noted Martin. The markets expect the SNB to cut at least 25 basis points (bps) from the current 1% level at its next meeting on December 12.