On Monday, optimism prevailed in markets after the approval of raising U.S. debt ceiling before an August 2 deadline which prompted investors to sell low-yielding currencies, led by the yen and dollar, where the franc remained solid against majors. Chinese manufacturing boosted hopes after it showed better-than-estimated ease in expansion. On Tuesday, the Swiss economy will release retail sales for the year ending June at 07:15 GMT followed by PMI manufacturing for July, as of 07:30 GMT, which is expected to show an ease in expansion to 52.8 from the previous 53.4 recorded in June. After the slowdown in manufacturing expansion in July in all major economies, the sluggish pace is predicted to take place also in Switzerland, yet the extent of ease of expansion is going to detect the impact on the pair. On the other hand, the U.S. economy will release personal income and spending for June, where the former is predicted to inch down to 0.2% from 0.3% while the later is expected to rise to 0.2% from 0.0%.