EUR/USD 1.15491
-0.399%
Gold 4295.33
-1.221%
Oil 99.363
2.311%
USD/JPY 154.503
0.534%
GBP/USD 1.34920
-0.251%
GBP/JPY 208.460
0.281%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
French President Emmanuel Macron met with the Iraqi Prime Minister at the Élysée Palace.On September 14th, according to the Scottish Herald, leaders of Scotland, Wales, and Northern Ireland called on the UK government to "prepare, plan, and facilitate constitutional change in each jurisdiction." On Monday morning local time, Scottish First Minister John Sweeney, Welsh First Minister Rune Ap Iowos, and Northern Ireland First Minister Michel ONeill met in Cardiff and signed a joint memorandum of understanding with Sinn Féin leader Mary Lou McDonald. At a joint press conference in the Welsh capital, Sweeney called the summit "a pivotal moment in the UKs constitutional process," emphasizing that Scotland, Wales, and Northern Ireland should independently decide their own constitutional paths without any obstacles. He referred to Andy Burnham as the UKs "last prime minister" and stated that an independence referendum must be held within the next five years.The U.S. Geological Survey reports a 5.6-magnitude earthquake 78 kilometers north-northeast of Tobelo, Indonesia.Citigroup expects the Bank of England to raise interest rates by 25 basis points each in the fourth quarter of 2026 and the first quarter of 2027, compared to its previous forecast that rates would remain unchanged until the second quarter of 2027.September 14 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 6.2-magnitude earthquake struck 42 kilometers northeast of North Maluku province, Indonesia, at 17:58 local time on September 14, with a focal depth of 145 kilometers. There is no tsunami risk at present.

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