EUR/USD 1.18515
-0.189%
Gold 4991.15
-0.822%
Oil 63.565
1.550%
USD/JPY 153.504
0.492%
GBP/USD 1.36307
-0.183%
GBP/JPY 209.241
0.309%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelensky: Russian attacks are "evolving," with more complex weapon combinations, requiring specialized defense measures.Ukrainian President Zelensky: Further attacks by Russia will make it more difficult to reach an agreement to end the conflict.February 17th - According to the New York Post, US President Trump stated on Monday that the $5 billion pledged for the reconstruction of the Gaza Strip will be used for projects approved by the Peace Commission, which will meet near the White House later this week. This fundraising, announced ahead of Thursdays summit, is the first phase of a $70 billion reconstruction effort estimated by a joint study by the United Nations, the European Union, and the World Bank. When asked about the funds, Trump said in a brief phone interview, "It will be used to make Gaza function successfully." He added that the funds will be used to "stabilize Gaza and ultimately benefit other areas of the world where peace can be achieved," hinting at his ambitious vision for the commission, which he chairs. When asked if the pledged funds would be used to build housing for Gazas nearly 2 million people, Trump said, "We havent decided yet...that will be decided by the commission."Ukrainian President Zelensky: Russia is preparing for a further large-scale attack on the energy sector, which requires a properly configured air defense system and timely support from partners.Ukrainian President Zelensky: Ukraine is simultaneously focusing on military preparations and diplomatic efforts.

USD/CHF reaches 0.9500 as China's anti-lockdown demonstrations prompt a risk-off posture

Alina Haynes

Nov 28, 2022 14:54

 截屏2022-11-28 上午10.37.18.png

 

After dropping close to a crucial support level at 0.9440 during the early Asian session, the USD/CHF pair struggled to rebound. Increasing individual protests against anti-Covid locking initiatives have produced a trend of risk aversion on the global market, which appears to be bolstering the attempted recovery.

 

The asset is trading near 0.9480 at the time of writing and is expected to remain under the influence of bulls as the US Dollar index (DXY) exhibits strength. The USD Index is approaching 106.23 and attempting to surpass 106.42, a two-day high. The heightened likelihood of a catastrophic economic slump as a result of China's households' road protests against Covid-19 limitations has raised the appeal of safe-haven investments.

 

10-year US Treasury yields remain below 3.70 percent as the Federal Reserve (Fed) seeks to suspend the larger culture of rate hikes in order to reduce market risks and evaluate the progress made by Fed policymakers to date.

 

The earliest estimates of the United States' Gross Domestic Product (GDP) will be crucial for future forecasting. The economic data for the third quarter is predicted to remain unchanged at 2.6%. This may keep the dollar in control, but it will not assist Federal Reserve Chair Jerome Powell in achieving price stability. Despite tough policy measures, persistent growth rates indicate sustained retail demand, which prevents inflation from declining as predicted.

 

Regarding the Swiss franc, investors look forward to Tuesday's GDP report. It is projected that quarterly economic data would remain constant at 0.3%. While annual growth rates are expected to decline from the previously predicted 2.8% to 1.0%,

Suggestion