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On August 17, German Chancellor Angela Merz, French President Emmanuel Macron, and British Prime Minister Jay Starmer will hold consultations on the 17th to decide whether to travel to the United States for the upcoming meeting between Trump and Volodymyr Zelensky on the 18th. Tass, citing German media, reported that a final decision on the trip is contingent on receiving a formal invitation from the US. Although Trump has suggested that Zelensky invite European leaders to the US, no formal invitation has yet been issued.The Governor of Voronezh, Russia: A Ukrainian drone attack damaged power lines at a Voronezh railway station and injured one employee.On August 17th, despite the launch of the new GPT-5 model, ChatGPT still has the potential for error. A senior OpenAI executive reiterated this point this week. Nick Turley, head of ChatGPT, noted in an interview, "Theres a big discontinuity between reliable and completely reliable in terms of reliability." He further explained, "Until we can prove that ChatGPT is more reliable than human experts in all areas, not just some, we will continue to recommend that you double-check your answers."On August 17, Russian Permanent Representative to International Organizations in Vienna, Ulyanov, commented on a European public opinion map titled "Who Most Wants to Join the EU?" posted by social media user X. According to the map, Switzerland (7%), Norway (35%), Serbia (35%), Iceland (47%), and the United Kingdom (48%) have the lowest percentages of people who want to join the EU, while Albania (94%), Kosovo (90%), and Ukraine (87%) have the highest percentages of people who want to join the EU. He stated that under the current circumstances, the EU has almost lost its appeal for relatively successful countries. One user commented, "The poorer a country is, the more it wants to join the EU."On August 17, CNN reported that Trump would only begin preparations for a trilateral meeting between the US, Russia, and Ukraine if his meeting with Zelensky on Monday was successful. Sources stated that US Vice President Cyril Vance, who has previously clashed with Zelensky, will attend the August 18 meeting. European officials expect a European leader to join Trump and Zelensky at the White House, but it remains unclear who will be involved. "Trump told European leaders that he would begin preparations for the meeting if Mondays meeting with Zelensky was successful," the source stated.

USD/CHF Oscillates between 0.9330 and 0.9350 as the DXY Finds Support at 99.70

Drake Hampton

Apr 14, 2022 11:04

The USD/CHF pair is trading in a range of 0.9325-0.9356 as the US dollar index (DXY) seeks bids near 99.70 following a sharp decline on Wednesday. The asset is inching closer to its weekly high of 0.9370.

 

The pair is aiming higher as the probability of a Federal Reserve interest rate hike of 50 basis points (bps) increases (Fed). In May, the Fed will dictate monetary policy, and a rising US Consumer Price Index (CPI) combined with a tight job market increases the likelihood of an aggressive hawkish attitude for May and the remainder of the year.

 

Fed Governor Christopher Waller advocated for aggressive interest rate hikes in the future, but cautioned that aggressiveness should not be confused with abruptness, as this could push the US economy into recession. An rapid shift in interest rate policy will significantly lower aggregate demand and employment possibilities, posing a substantial danger to the US economy.

 

Investors' attention will now turn to monthly US retail sales, which are expected to come in at 0.6 percent, up from the previous figure of 0.3 percent. While the Swiss bourse will publish its annual Real Retail Sales report later this month. Previously, Swiss Real Retail Sales were registered at 12.8 percent during a 12-month period.

USD/CHF

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