EUR/USD 1.17775
0.027%
Gold 4467.88
-1.400%
Oil 57.808
1.730%
USD/JPY 156.287
-0.128%
GBP/USD 1.35024
-0.003%
GBP/JPY 211.031
-0.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 29th, Southchip Technology announced that it plans to sign a "Technology Development Licensing Agreement" with Xingzhi Storage Technology (Suzhou) Co., Ltd., entrusting Xingzhi to customize and develop IP compatible with the cooperating manufacturer and its products, and obtaining a perpetual license for the IP products delivered by Suzhou Xingzhi. Suzhou Xingzhi is engaged in the design, research and development, sales and professional technical services of new memory chips and embedded storage IP, and has storage IP development capabilities.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures support "digital+" integration scenarios. They promote the application of digital technologies such as AR and VR with green and low-carbon technologies to create immersive, interactive, and green sustainable diversified service consumption scenarios. Support is also given to the development of integration scenarios such as "technology + tourism" and "technology + cultural heritage." The measures encourage e-commerce platforms to develop instant service consumption models. Furthermore, the measures recommend typical application cases of "artificial intelligence + consumption," and utilize "computing power vouchers, model vouchers, and corpus vouchers" to increase support for large-scale consumer models, creating a number of intelligent integration scenarios.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures emphasize expanding high-level opening-up in the service sector. They call for leveraging pilot policies for expanding opening-up in telecommunications and related digital industries, healthcare and wellness, and commerce, culture, and tourism to attract foreign investment projects in value-added telecommunications, biotechnology, and wholly-owned hospitals. Focusing on the needs of residents daily consumption, the measures also call for orderly expansion of imports of high-quality services such as healthcare and culture, and the organization of international film screenings and exchange and cooperation activities. Furthermore, the measures aim to expand cooperation with globally renowned universities and conduct high-level cooperative education programs.On December 29th, the Shanghai Municipal Commission of Commerce and 16 other departments issued "Several Measures on Further Expanding Service Consumption in Shanghai." The measures emphasize enhancing the internationalization of health consumption. They encourage medical examination institutions to extend their services to specialized disease examinations and pre- and post-examination procedures. The measures promote the application of advanced treatments such as cell therapy and brain-computer interfaces, and advance the clinical use of innovative technologies, drugs, and medical devices. They encourage qualified medical institutions to develop specialized international medical projects. The measures guide the diversified development of the health industry and address shortages in rehabilitation and nursing resources. Support is given to privately-run medical institutions to provide international medical services. Cooperation between medical institutions and commercial insurance companies to conduct direct settlement of commercial health insurance claims is encouraged. Commercial insurance companies are also encouraged to develop health insurance products that align with specialized medical services and cross-border medical insurance products.Kremlin: A phone call between Russian President Vladimir Putin and US President Donald Trump is expected to take place soon.

The USD/CHF exchange rate surges above 1.0060 as the risk-off sentiment regains dominance

Alina Haynes

Oct 20, 2022 15:21

 截屏2022-10-20 上午9.55.48.png

 

The USD/CHF pair reversed its minor decline from 1.0063 at the start of the Asian session and resumed its climb. Prior to the risk-on profile losing momentum, the asset exhibited a juggernaut rally to approximately 1.0063.

 

After two consecutive days of gains, a slight dip in the S&P 500 diminished investors' appetite for risk and drove demand for safe-haven assets. The US dollar index (DXY) oscillates slightly below the immediate barrier of 113.00 and appears on the verge of breaking through. In addition, 10-year US Treasury rates have reached a 14-year high of 4.14 percent as bets on a greater rate hike by the Federal Reserve have increased (Fed).

 

Regarding the Swiss franc, investors anticipate the release of the Trade Balance data. It is projected that the economic statistics will climb to 3,558M from 3,425M in the previous report.

 

The road map presented by James Bullard, president of the St. Louis Fed Bank, suggests that the central bank would maintain its hawkish stance for an extended length of time. Fed policymakers expect the central bank to raise interest rates by an additional 75 basis points (bps) when it meets on November 1 and 2, with a second 50 or 75 bps increase likely in December. Before relying on statistics, he highlighted that the Fed must first identify the proper rate level.

 

Despite some signs of slowing in certain areas, the Fed's Beige Book reported that price rises remained elevated. Therefore, price pressures remain a cause of concern. While the price of fuel and transportation has reduced, the cost of inputs for businesses has climbed. Labor demand is low due to firms' unwillingness to raise payrolls in expectation of an economic recession.

Suggestion