EUR/USD 1.13703
0.007%
Gold 4029.94
0.083%
Oil 71.299
-0.035%
USD/JPY 161.769
-0.017%
GBP/USD 1.31919
0.013%
GBP/JPY 213.409
0.008%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Chicago Fed President Goolsby, a 2027 FOMC voting member, will speak in ten minutes.June 26 - According to a statement released by the Chinese Embassy in Venezuela, as of 4 p.m. local time on June 25, preliminary statistics indicate that two Chinese citizens have been confirmed dead in the "June 24 earthquake".On June 26th, according to Japanese sources on the 24th, Japanese Prime Minister Sanae Takaichi accepted suggestions from the ruling Liberal Democratic Party (LDP) and the Japan Innovation Party regarding revisions to the "Three Security Documents." The Japanese government plans to formally revise the "Three Security Documents" through a cabinet meeting by the end of this year, and is expected to propose a policy of increasing defense spending, following the LDPs stance. While the LDP did not specify a concrete figure for Japans defense spending, it cited NATO member states aiming for 3.5% of GDP as a benchmark, requesting further research based on these examples. The Japan Innovation Party, on the other hand, demanded that the spending reach "more than 2%" of GDP by 2026. Furthermore, regarding the clause in the "Three Non-Nuclear Principles" against the introduction of nuclear weapons, the Japan Innovation Party stated that "a realistic discussion should be conducted," mentioning revisions and calling for the swift introduction of nuclear submarines.According to AXIOS: U.S. House Speaker Boris Johnson said he will submit the housing bill to the White House after meeting with Trump.The U.S. State Department has approved the sale of training services and related equipment for F/A-18F Super Hornet and EA-18G Growler aircraft to Australia for $250 million.

USD/CHF Consolidates in a Range of 0.9320-0.9350 on Expectations of Rate Reversion to Neutral

Drake Hampton

Apr 08, 2022 09:57

Tips

  • USD/CHF remained stuck around 0.9350 despite a big increase in US Treasury yields.

  • The DXY is aiming for 100.00 as traders increase their expectations for an aggressive rate hike.

  • Russia resigns from the United Nations Human Rights Council.

 

Since Thursday, the USD/CHF pair has been swinging within a narrow band of 0.9318-0.9348 as Federal Reserve (Fed) policymakers have begun prescribing a reversion to neutral rates from ultra-loose monetary policy postures.

 

After commenting on the amount to which the Fed will raise interest rates in future monetary policies, members of the Fed's Monetary Policy Committee (MPC) have changed their focus to calling for a return to neutral policy. The ultra-loose monetary policies and helicopter money used to boost growth following the Covid-19 outbreak have served their purpose, and it would be preferable to return to normal rates and a self-sufficient economy. Atlanta Fed President Raphael Bostic stated on Thursday that while it is quite acceptable for the Fed to move policy closer to neutral, it should go cautiously, according to Reuters.

 

On the Russia-Ukraine front, Russia is expelled from the United Nations (UN) Human Rights Council after its members voted against the Kremlin's war crimes in Bucha, Ukraine. Additionally, US lawmakers have decided to prohibit Moscow from importing oil, gas, and coal. Additionally, the former has opted to revoke its 'Most Favored Nation' trade designation, resulting in higher tariffs for Moscow.

 

Meanwhile, the US dollar index is heading towards the enchanted level of 100.00, fueled by forecasts for better US Consumer Price Index (CPI) data next week. The yield on the 10-year US Treasury note has recaptured a three-year high of 2.66 percent as rate rise worries resurface.

USD/CHF

image.png 

Suggestion