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February 28th - According to the China State Railway Group, the national railway system is expected to transport 16.35 million passengers today (February 28th), with 1,060 additional passenger trains planned. Yesterday (February 27th), the national railway system transported 15.551 million passengers, an increase of 18% year-on-year, maintaining a level above 15 million passengers for eight consecutive days, with transportation remaining safe, stable, and orderly.February 28th - According to the Statistical Communiqué on National Economic and Social Development in 2025 released by the National Bureau of Statistics on February 28th, 25.74 million new business entities were established in my country in 2025, with an average of 26,000 new enterprises established per day.February 28 - According to the Statistical Communiqué on National Economic and Social Development in 2025 released by the National Bureau of Statistics on February 28, 30.08 million foreigners entered China visa-free in 2025, an increase of 49.5%.According to the National Bureau of Statistics, the total value of Chinas imports and exports of goods in 2025 reached 45,468.5 billion yuan, an increase of 3.8% over the previous year. Among them, exports reached 26,989 billion yuan, an increase of 6.1%; imports reached 18,479.5 billion yuan, an increase of 0.5%. The trade surplus was 8,509.4 billion yuan.According to the National Bureau of Statistics, by the end of 2025, the total number of civilian vehicles in China will reach 366.11 million (including 6.81 million three-wheeled vehicles and low-speed trucks), an increase of 13.43 million from the end of the previous year. Of these, privately owned vehicles will number 323.36 million, an increase of 13.48 million. The number of passenger cars will reach 197.73 million, an increase of 4.29 million, of which privately owned passenger cars will number 186.91 million, an increase of 4.87 million.

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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