USD/CHF is struggling to return above 0.8200 despite the overall Dollar strength

• The US Dollar remains capped below 0.8200 with the CHF buoyed by risk aversion.
• Investors are wary of risk, awaiting Iran's response to this weekend's attack.
• Later today, the US PMIs are expected to show that business activity growth moderated in June.

The US Dollar is trading with moderate gains against the Swiss Franc on Monday, but remains trapped within the last few days' trading range, as the 0.8200 level keeps holding bulls for now.

The Greenback is appreciating against most of its main peers, but is failing to perform any significant advance against the safe-haven Swiss Franc, which is one of the strongest currencies today, amid a risk-averse market.

An attack from US planes and missiles that, according to President Trump, have devastated Iran's nuclear program keeps investors on edge on Monday, awaiting a response from the Islamic Republic, which would escalate the conflict into a full-blown regional war.

Iranian officials have threatened to block the Strait of Hormuz, and an army spokesperson vowed severe consequences to the US earlier today.

In the macroeconomic front, US preliminary S&P Global PMIs are expected to show that business activity in the manufacturing and services sector eased in June, although still at levels consistent with moderate growth.

The highlights of the week will be the Fed Chair's Semiannual Monetary Policy Report to Congress on Tuesday and Wednesday, and the US PCE prices Index on Friday, which will provide further clues on the bank's monetary policy calendar.