The Swiss franc remained near 0.80 per USD, as traders assessed the latest inflation report and its potential implications for the central bank’s decision later this month. Swiss consumer prices rose 0.2% in August, as expected, marking the third consecutive month of positive inflation, and staying within the SNB’s 0%-2% target range. Persistent inflation could temper expectations for additional interest rate cuts, even as the economy faces pressures from President Trump’s hefty 39% US tariffs. The Swiss National Bank is set to meet on September 25, with most investors expecting the key rate to remain at 0%. While the SNB has not ruled out a return to negative rates - which it maintained for eight years until 2022 - President Martin Schegel warned in June that sub-zero rates create challenges for businesses and savers already absorbing the impact of the tariffs. Meanwhile, the franc continued to benefit from its safe-haven status appeal amid ongoing global risks and uncertainties.