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On September 5th, a mudslide and landslide occurred in Shixia Group, Mingkeng Village, Gaoping Town, Suichuan County, Jiangxi Province. The Ministry of Emergency Management immediately dispatched and deployed rescue and relief efforts, demanding all-out efforts to search for trapped personnel, verify the number of casualties and missing persons, and deploy nearby communication support and engineering rescue teams and equipment. Rescue personnel were to be organized to advance into the disaster area as soon as possible, and hydrological and geological disaster monitoring and early warning were to be strengthened. Scientific rescue measures were to be implemented, and secondary disasters to be prevented. The National Disaster Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV emergency response for natural disaster relief and a Level IV emergency response for geological disasters, dispatching working groups to the scene to guide rescue and disposal efforts. The National Emergency Survey Team for Production Safety Rescue, equipped with slope radar and other equipment, was also dispatched to the scene. Local fire departments have dispatched 41 vehicles and 224 personnel to the scene, and communication and reconnaissance drones from surrounding areas have been deployed.September 5th - The Asia-Pacific Media High-Level Forum was held in Shenzhen on September 5th. At the forum, Zhu Min, former Vice Governor of the Peoples Bank of China, emphasized promoting the digital and intelligent transformation and connectivity of the Asia-Pacific region. He called for deepening cooperation in cutting-edge technologies and strengthening collaboration in the field of artificial intelligence (AI). He also stressed the need to promote the development of the digital economy, expand digital public services, and facilitate standards interoperability.On September 5th, Russian Deputy Foreign Minister Sergei Ryabkov, commenting on the potential visit to Russia by US Presidential Envoy Joshua Witkov and Trumps son-in-law Jared Kushner, stated that the US government should consider the actual situation on the battlefield in its mediation efforts in Ukraine, and that the situation is developing unfavorably for Kyiv. Ryabkov pointed out that the key issue is whether the US government is prepared to invest the effort to find a genuine solution to the current crisis, including considering the realities of the battlefield, not only the root causes of the conflict frequently cited by Russia, but also the constantly evolving situation that is developing against Ukraine. Ryabkov said the question is whether the Anchorage meeting between the Russian and US leaders in August 2025 and subsequent events demonstrate that the US position on resolving a range of issues can remain within a rational framework, without succumbing to pressure from the situation and opposing mediators. These issues remain unresolved.September 5th - According to reports, after Zhipus first store on Tmall was launched, several major model manufacturers, including Kimi, MiniMax, and Jieyue Xingchen, are also in talks with Tmall to open official flagship stores and sell Token subscription packages.September 5th - In accordance with the "National Natural Disaster Relief Emergency Plan," and in response to the severe impact of recent typhoons and extreme heavy rainfall on Putian and Ningde in Fujian Province, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management raised the national natural disaster relief emergency response level for Fujian to Level III on September 5th. An additional disaster relief working group was dispatched to the disaster area to assess the situation and guide and assist local authorities in ensuring the basic living needs of affected people and in post-disaster emergency recovery efforts.

As risk aversion grows as measured by the DXY and as attention turns to the US NFP, USD/CHF goes closer to 0.9600

Alina Haynes

Aug 03, 2022 14:51

 截屏2022-08-03 上午9.47.05.png

 

In reaction to the dismal market environment, the US dollar index (DXY) has gained, and the USD/CHF pair is swiftly approaching the key level of 0.9600. After defending Monday's low around 0.9480, the pair had a greater reverse on Tuesday, as the risk-aversion theme strengthened the attraction of the DXY.

 

Following US House Speaker Nancy Pelosi's travel to Taiwan to support Taiwan's local government despite China's wishes, tensions between the US and China have increased. In reaction to the death threats made against Pelosi during her private travel to Taiwan, the US is anticipated to adopt sanctions against China, which encouraged the gloomy market sentiment.

 

In the meanwhile, the DXY has achieved a three-day high of 106.55, although the gain may wane ahead of Friday's US Nonfarm Payrolls (NFP) data. According to market expectations, the U.S. economy added 250,000 jobs to the labor force in July.

 

During a brief period, a number of significant IT companies in the United States abandoned the hiring process, resulting in payroll statistics that multiplied. If the same thing occurs, the Federal Reserve (Fed) will be compelled to speak less about policy rates.

 

On the Swiss franc front, investors anticipate the release of the Consumer Price Index (CPI) numbers. An early estimate of the annual inflation rate places it at 3.5%, little higher than the prior estimate of 3.4%. As a result, the Swiss National Bank (SNB) will be compelled to boost interest rates.


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