USD/CHF Holds Near Lows Ahead of Warsh's Jackson Hole Speech

The US Dollar (USD) is trading modestly stronger against the Swiss Franc (CHF), with the USD/CHF pair hovering just below 0.8750 on Friday.

Investors are looking ahead to a key speech from Federal Reserve Chairman Kevin Warsh at the Jackson Hole Symposium, where he may provide clues about the Fed's strategy to address elevated inflation.

Recent US inflation readings have increased pressure for further interest rate hikes, and several Fed policymakers have supported that stance in recent days, including Kansas Fed President Jeffrey Schmidt, who said on CNBC that inflation is 'still sticky and we've got to continue to find ways to break through.'