USD/CHF bulls struggle around 0.8950 on Juneteenth holiday, SNB, Fed announcements eyed

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• USD/CHF clings to mild gains as bulls lack momentum amid sluggish markets.
• US Dollar grinds higher amid slightly downbeat sentiment, Fed concerns.
• Holiday in the US stock, bond markets restrict immediate moves amid mixed catalysts.
• SNB Interest Rate Decision, Fed Chair Powell’s Testimony and US PMIs are the key for clear directions.

USD/CHF stays defensive around 0.8940-45, fading the previous day’s bounce of a five-week low, heading into Monday’s European session. In doing so, the Swiss Franc (CHF) pair portrays the market’s indecision amid the US Juneteenth holiday and cautious mood ahead of this week’s monetary policy meeting decision from the Swiss National Bank (SNB).