• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 20th - On July 19th, the total crude oil production of the Bayan Oilfield in Bayannur, Inner Mongolia, exceeded 6 million tons. This marks the second time in just seven months that it has surpassed the 5 million ton mark, following its achievement in December 2025. In the first half of the year, the oilfield produced over 870,000 tons of crude oil, completing 51% of its annual plan. Daily production remained stable at 4,800 tons, a year-on-year increase of 20%, contributing nearly one-third of the daily output of the North China Oilfield.On July 20th, in an interview published by Iranian media on July 19th, Iranian Foreign Minister Araqchi revealed that during indirect negotiations between Iran and the United States before the Israeli military attack on Iran last June, the US attempted to "buy Iran" by making numerous promises, but he rejected them on the spot. Araqchi said he stated immediately that Iran would not sell its enriched uranium because it was obtained through 20 years of sanctions endured by the Iranian people and the sacrifices of Iranian scientists. He emphasized that the United States could neither threaten nor buy Iran.July 20th - Hedge funds short positions in the New Zealand dollar have reached a record high, as they believe the recent rebound in global oil prices could exacerbate economic pressures in New Zealand. Data from the Commodity Futures Trading Commission (CFTC) shows that in the week ending July 14th, leveraged funds increased their net short positions in the New Zealand dollar by 1,907 contracts to 29,582 contracts, the highest level since 2006. This bearish stance contrasts with the recent rebound in the New Zealand dollar, which was primarily driven by the Reserve Bank of New Zealands hawkish policies. Furthermore, investor concerns about New Zealands energy-importing economy are also reflected in the short bets, as escalating tensions between the US and Iran have caused oil prices to break through $90 per barrel again. The oil price shock could further worsen the countrys trade balance; last month, the country barely avoided a trade deficit, while domestic consumer spending declined.Wesfarmers Australia: Founders an artificial intelligence partnership with Microsoft (MSFT.O).Shanghai Auntie (02589.HK) once surged by more than 50% during the session, but the gains have now fallen back to 29%.

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