EUR/USD 1.14558
-0.106%
Gold 4086.32
0.496%
Oil 82.609
-1.164%
USD/JPY 163.482
0.051%
GBP/USD 1.33544
-0.102%
GBP/JPY 218.328
-0.049%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 30 - According to Irans Tasnim News Agency, power has been fully restored to Qeshm Island, Iran, after a brief blackout caused by a missile attack on the power grid. The head of the local power company stated that repair crews had resolved the power outage, but all staff remain on high alert. US warplanes launched multiple missiles at various locations on the island early that morning.Samsung Electronics: Chip supply shortages will worsen in 2027 and continue into 2028.On July 30th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.4080%, and the lowest was 0.7000%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0120%, and the lowest was 0.9100%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0170%, and the lowest was 0.9050%.On July 30th, it was reported that on July 29th, ByteDance initiated organizational restructuring for its AI business. The Lark and Doubao product teams will be integrated to form a new Doubao product team, headed by Zhao Qi, with Xie Xin, head of Lark, reporting to Zhao Qi. Regarding the GTM (Marketing, Sales, Customer Service) system, the Lark GTM team will be integrated with the Volcano Engine team to form a new ToB GTM organization, the "Creativity Service Platform," responsible for the overall marketing, sales, and customer service of ByteDances MaaS and SaaS cloud services. This platform will be headed by Tan Dai, head of Volcano Engine, with Lin Chan, head of Lark Sales, and Shi Zhijun, head of Lark Strategy and Marketing, reporting to Tan Dai.Samsung Electronics: Smartphone sales increased in the second quarter compared to the first quarter. Mobile phone shipments are expected to decline in the second half of the year.

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