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On June 16, Israeli Prime Minister Benjamin Netanyahu said on June 15 that Israel "does not know" the specific contents of the agreement reached between the United States and Iran. Netanyahu stated that regardless of whether an agreement is reached, "Iran will not possess nuclear weapons." He also said that the Israeli attack caused "enormous damage" to Iran.Hang Seng Index futures closed down 0.13% at 24,799 points in overnight trading, a discount of 44 points.As of the 2:30 closing bell, the main Shanghai gold futures contract rose 1.77%, the main Shanghai silver futures contract rose 2.49%, and the main SC crude oil futures contract fell 1.96%.June 16th - Nvidia is expected to raise $25 billion through an investment-grade bond issuance, with subscription demand exceeding three times the planned offering size, highlighting investors eagerness to profit from artificial intelligence. According to sources familiar with the matter, the bond issuance attracted subscriptions of up to $85 billion. Other sources indicated that Nvidia will issue the bonds in seven tranches with maturities ranging from 2 to 30 years. The sources also stated that the yield on the longest-term bond is priced approximately 0.65 percentage points higher than the yield on US Treasury bonds. The sources further indicated that the funds raised will be used for purposes such as refinancing existing debt. This will be Nvidias first investment-grade bond issuance in five years.Israeli Prime Minister Benjamin Netanyahu: We will take all necessary measures to prevent Iran from acquiring nuclear weapons. Our goal remains unchanged.

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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