EUR/USD 1.16289
0.058%
Gold 4427.18
0.338%
Oil 90.396
-0.377%
USD/JPY 153.866
-0.312%
GBP/USD 1.35480
0.058%
GBP/JPY 208.462
-0.249%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans July trade balance will be released in ten minutes.Japans overtime pay rate rose 3.1% year-on-year in July, up from 2.8% in the previous month.Japans July labor cash income rose 4.7% year-on-year, below the expected 3.80% and the previous figure revised from 3.40% to 4.00%.On September 8th, it was reported that the Russian Ministry of Finance released data showing that as of September 1st, the Russian National Wealth Fund (NWF) had reached 13.19 trillion rubles (approximately US$154.1 billion), equivalent to 5.6% of the projected GDP in 2026. Of this, liquid assets amounted to 4 trillion rubles (approximately US$46.7 billion), an increase from 3.69 trillion rubles on August 1st. As of September 1st, the NWF held 184 billion yuan, 131.5 tons of gold, and 1.7 billion rubles in its accounts with the Central Bank of Russia. From January to August 2026, the funds foreign currency asset exchange rate fluctuations and gold revaluation gains totaled 594.8 billion rubles.September 8th - According to a previous statement from the Canadian federal government, Canadas retaliatory tariffs against the US will officially take effect on September 8th, Canadian time. On August 25th, the Canadian federal government announced retaliatory tariffs on C$27.6 billion (approximately US$20 billion) worth of US goods, covering sectors such as steel, aluminum, dairy products, home appliances, and agricultural equipment. Canada stated that the total value of US goods affected by these retaliatory tariffs is equivalent to the value of goods subject to the 50% tariff imposed by the US on Canada, achieving an "equal and reciprocal" countermeasure.

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