The decline reflects broader concerns about US economic data and its impact on currency valuations, while upcoming Swiss reports could influence near-term trading trends in the forex market.

The USD/CHF pair extends the decline to around 0.8340 during the early European session on Friday. Soft US producer prices and consumer inflation weigh on the US Dollar (USD). Later on Friday, investors will focus on the release of the Swiss Producer and Import Prices report for April.

The USD/CHF pair falls below 0.8350 as weak US inflation data pressures the US Dollar, with traders awaiting Swiss price data for further direction.  

USD/CHF extends downside below 0.8350 on soft inflation reports

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