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Japanese government: Japanese Prime Minister Sanae Takaichi will hold a press conference at 09:00 GMT (17:00 Beijing time).July 27 (Futures News) – According to foreign media reports, Allseeds, one of Ukraines largest producers and exporters of vegetable oils and oilseed meals, has suspended operations in the Odessa region due to the deteriorating security situation in the Black Sea. The Ukrainian national news agency Ukrinform reported that an official statement released by the Allseeds Group on Facebook stated that due to the significantly deteriorated security situation and the escalating Russian missile and drone attacks on ports and logistics infrastructure in the Odessa region, Allseeds Group had to make the difficult decision to suspend its operations in the Odessa region. Continuing to operate under the current conditions would pose an extremely high risk to the lives of its employees and the companys facilities and assets. The company stated that this difficult decision was primarily made to ensure the safety of its employees and protect its production assets, infrastructure, human resources, and operational capabilities.July 27 - The Houthi rebels in Yemen claimed on July 26 that they shot down a Saudi drone in northern Yemen. Houthi spokesman Yahya Sarreya stated that the drone, manufactured by the Turkish company Baika, was shot down while conducting "hostile activities" over Jawf province. Saudi Arabia has not yet responded to this claim.Japans corporate services price index fell 0.4% month-on-month in June, compared with 0% in the previous month.Japans corporate services price index rose 3.2% year-on-year in June, below the expected 3.40% and the previous reading of 3.30%.

The USD/CHF Currency Pair Trades Near 0.9720 as Investors Await the SNB's Jordan Speech

Alina Haynes

Apr 29, 2022 09:44

The USD/CHF pair demonstrated a back and forth movement during the Asian session. The asset is consolidating in a six-pip range ahead of the Swiss National Bank's (SNB) Thomas J. Jordan's Friday address.

 

Jordan's remarks will likely dictate the SNB's monetary policy action in June. For an extended period, the SNB has maintained an ultra-loose monetary policy. However, investors may be surprised this time around as SNB policymakers may sound a little more hawkish. The Swiss Consumer Price Index (CPI) has surpassed the 13-year high of 2.2 percent, significantly exceeding the planned inflation rate of 2%. Although the announcement will take a neutral posture, guidance may be quite aggressive.

 

Meanwhile, the US dollar index (DXY) is undergoing a temporary correction following a stronger upward trajectory. The DXY is currently stabilizing at 103.65 and is looking for a trigger to move higher. The uncertainty surrounding the Federal Reserve's (Fed) announcement of an interest rate decision next week will govern future prices. Investors should brace themselves for a big rate hike, as the Federal Reserve is wary about escalating inflation. Today's session will be dominated by the Michigan Consumer Sentiment Index (CSI), which is expected to come in at 62 points, down from the prior reading of 65.7 points.

USD/CHF

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