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On October 5, 2025 (the fourth day of the Mid-Autumn Festival and National Day holiday), cross-regional passenger mobility totaled 301.2911 million, a month-on-month decrease of 1.1% and a year-on-year increase of 6.1%. Of this total, rail passenger volume reached 18.334 million, a month-on-month increase of 0.9% and a year-on-year increase of 4.5%. Highway passenger volume (including non-commercial passenger vehicle trips on expressways and ordinary national and provincial highways, as well as commercial passenger vehicle trips on expressways) reached 278.73 million, a month-on-month decrease of 1.2% and a year-on-year increase of 6.2%. Of this total, commercial passenger volume reached 35.23 million, a month-on-month decrease of 1.5% and a year-on-year increase of 2.5%. Non-commercial passenger vehicle trips on expressways and ordinary national and provincial highways reached 243.50 million, a month-on-month decrease of 1.2% and a year-on-year increase of 6.8%. Waterway passenger volume reached 1.9077 million, a month-on-month decrease of 0.9% and a year-on-year increase of 5.6%. Civil aviation passenger volume was 2.3194 million, a decrease of 1.8% month-on-month and an increase of 4.1% year-on-year.According to the Financial Times: The European Commission will introduce a new "Applied Artificial Intelligence Strategy" to accelerate the development and use of localized artificial intelligence technology.According to RIA Novosti: Russian air defense forces shot down 32 Ukrainian drones at night.On October 5th, the U.S. federal government shutdown entered its fourth day, and Americans are increasingly frustrated with the drama caused by partisan bickering. According to the New York Times website, a recent New York Times poll shows that Americans confidence in the U.S. political systems ability to solve problems is declining. Only 33% of Americans believe the country is capable of resolving its political problems, and a majority now believe it is unable to overcome its deep internal divisions. The poll also reveals a deep skepticism among Americans about the U.S. political system. Forty-one percent of Americans say they disagree that the United States is a democracy. Americans told CCTV reporters that their lives are already being impacted by the government shutdown, and that the bipartisan struggle has left ordinary people the ultimate victims.Polish Armed Forces: Poland scrambled aircraft to secure its airspace after Russia launched an attack on Ukraine.

USD/CHF Remains Low in the Mid-0.9300s Advance of the Swiss GDP

Alina Haynes

Feb 28, 2023 11:44

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The USD/CHF pair on Tuesday morning shows the pre-data nervousness as it nears 0.9350. However, the market's cautious optimism and wide US Dollar volatility allow the Swiss currency pair to consolidate its first monthly gain in four months.

 

US Treasury bond yields fell, lending credence to the White House's pro-trade narrative.

 

Despite its political differences with the nation of the dragon, the United States offers an olive branch to China's business community, enabling the S&P 500 Futures to track Wall Street's gains at the time of publication. Politico reported late on Monday that, "despite fraying relations with Beijing, US President Joe Biden is expected to forgo broad new restrictions on American investment in China," rejecting a drive by some "hawks" in his administration and Congress.

 

It's essential to remember that while the S&P 500 Futures print modest gains by mirroring Wall Street's upbeat closing, US Treasury bond yields continue to be subpar during the quiet hours of Tuesday's trading.

 

US Durable Goods Purchases dropped -4.5% in January, below the -4.0% forecast and 5.1% lower than in December, according to data released on Monday. However, the Nondefense Capital Goods Orders ex Aircraft rose by 0.8% compared to analysts' predictions of 0.0% growth and -0.3% in previous readings. In a similar manner, US Pending Home Purchases increased 8.0% MoM, exceeding expectations of 1.0% and prior levels of 1.1%.

 

On the other hand, Federal Reserve Governor Philip Jefferson said on Monday that a return to 2% inflation is crucial if such sustained economic development is to be possible. According to Reuters, "Economic data this month showed still tight labor markets and sticky inflation, leading Fed funds futures traders to wager on higher rates, which in the US are now seen peaking in September at 5.4%, up from presently 4.58%."

 

The GNP for Switzerland's fourth quarter (Q4) will be crucial for the future. According to projections, quarterly GDP grew by 0.3% from the previous quarter's 0.2%, but annualized GDP declined by 1.2% from the previous quarter's 0.5% growth.

 

The early US trade figures for January, consumer confidence from the Conference Board, the Chicago Purchasing Managers' Index, and the Richmond Fed Manufacturing Index for February will all be important for USD/CHF traders to monitor alongside the Swiss GDP.


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