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On August 18, in response to the drone explosion at a bus stop near the Zaporizhia nuclear power plant, Russian Foreign Ministry spokeswoman Maria Zakharova issued a statement saying that the attack was carried out by Ukraine to obstruct the planned visit of International Atomic Energy Agency (IAEA) Director General Grossi to the Zaporizhia nuclear power plant from August 20 to 21. Zakharova said that Ukraines continued attacks on the Zaporizhia nuclear power plant and its staff, including this attack on a vehicle carrying representatives of the IAEA Secretariat, prove that its crimes are "endless." Zakharova also stated that the continued political support from Western countries to Ukraine has led to these repeated incidents and has encouraged Ukraine to take "more reckless new actions," creating a nuclear disaster threat that could have "catastrophic consequences" for the world.Israel Defense Forces: The IDF attacked Hamas commanders in the Shati region of northern Gaza Strip who were planning terrorist attacks against IDF forces.On August 18, Russian Ambassador to Sweden Sergei Belyaev stated that Swedens detention of multiple cargo ships serving Russian interests since the end of 2025 is politically motivated and violates international maritime law. Belyaev told RIA Novosti that Sweden primarily charges the crews of these ships with "false flags," but has failed to present any "substantive charges." In fact, this move is intended to pressure commercial operators serving Russias foreign trade. Documents obtained earlier this month by AFP from a Swedish court show that Sweden will transfer a previously detained cargo ship to Ukraine, which is accused of transporting grain from "Russian-occupied territory."According to Interfax news agency, Russian President Vladimir Putin said that Russia and Myanmar have discussed hydrocarbon production.August 18th - According to Al Jazeera, US officials stated that Trump has instructed his team not to negotiate with Iran until Iran is ready to sign an agreement. The official stated that positive discussions have taken place with Iran, but Trump has decided to wait. Furthermore, the governments statements regarding negotiations with Iran are consistent.

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

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