EUR/USD 1.15664
0.119%
Gold 4687.84
0.445%
Oil 98.412
0.962%
USD/JPY 158.629
-0.052%
GBP/USD 1.32376
0.086%
GBP/JPY 209.919
0.032%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Bank of Japans newly appointed policy board member, Toshiro Asada, will hold a press conference at 16:00 Beijing time.Leapmotor (09863.HK): In March, the company delivered 50,029 vehicles, a year-on-year increase of 35%, steadily breaking through the 50,000 mark and demonstrating strong resilience.April 1 - The China Earthquake Networks Center officially measured a 3.6-magnitude earthquake at 10:30 a.m. on April 1 in Zhongba County, Shigatse City, Tibet (30.38 degrees north latitude, 84.34 degrees east longitude), with a focal depth of 8 kilometers.April 1st - The State Council Taiwan Affairs Office held a regular press conference on April 1st. A reporter asked: Regarding the State Council Taiwan Affairs Offices statement that it will assist Taiwan in building a high-speed rail around the island and an east-west highway after peaceful reunification, the Mainland Affairs Council stated that related statements focus too much on material interests and have limited appeal to Taiwanese society. What is your comment on this? Spokesperson Zhang Han stated that the sooner reunification is achieved, the more beneficial it will be for Taiwans development and for Taiwanese compatriots to live a better life. The DPP authorities, for their own partisan interests, stubbornly pursue "independence" and refuse reunification, which will only deprive the Taiwanese people of their right to pursue a better life. We hope that the vast majority of Taiwanese compatriots will actively participate in the just cause of promoting the reunification of the motherland and build our common homeland into a better place.According to Hong Kong Stock Exchange documents, Yongkang Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange.

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.


Suggestion