EUR/USD 1.15831
-0.079%
Gold 4312.81
-0.354%
Oil 90.408
1.159%
USD/JPY 160.298
0.078%
GBP/USD 1.35061
-0.067%
GBP/JPY 216.505
0.016%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
September 2nd - According to foreign media citing sources familiar with the matter, AI programming startup Cognition AI is about to complete a new round of financing, which will boost its valuation to approximately $47 billion. Sources revealed that the companys latest round of financing is approximately $1 billion. One source indicated that due to the much higher-than-expected demand for this round of financing, the final size of the funding round may exceed $1 billion. He added that Cognition has received nearly $10 billion in investment intentions. Sources indicated that negotiations are still ongoing, and specific details are still subject to change.September 2nd - According to foreign media citing sources familiar with the matter, Nvidia (NVDA.O) is in advanced talks to acquire artificial intelligence startup Hugging Face in a deal worth approximately $14 billion. One source indicated that Nvidia could reach an agreement as early as this week to acquire Hugging Face for $12.9 billion. The source stated that the deal may include a $1 billion employee retention program. The sources also indicated that no final agreement has been reached, and the timing and specific terms of the deal are still subject to change. Acquiring Hugging Face would be Nvidias largest move since Jensen Huang expanded the application of artificial intelligence and broadened its customer base. This transaction would give Nvidia control of a key platform where global developers can showcase and share AI models.September 2nd - According to AXIOS, the US military attacked two Iranian government oil tankers as part of a series of military strikes launched on Tuesday. US officials stated that this is the first time the US has targeted Iranian oil tankers in retaliation for Iranian attacks on ships transiting the Strait of Hormuz, whereas previous military actions against Iranian tankers were primarily aimed at preventing violations of the US maritime blockade. A US official stated that this is part of a new "tanker for tanker" policy approved by President Trump, designed to further deter Iranian attacks on tankers passing through the Strait of Hormuz. The attacked Iranian government oil tankers were anchored off the Iranian coast, north of the US maritime blockade line. A US drone fired a missile that struck the tankers engine room. US officials stated that targets also included Iranian Islamic Revolutionary Guard Corps air defense positions, radar systems, mine-laying facilities, communication facilities, anti-ship cruise missile launchers, and attack drone launchers.On September 2nd, Bank of Japan Governor Kazuo Ueda stated that he would consider the risks of rising prices when deciding on monetary policy, a statement that could further fuel market speculation about a rate hike at the BOJs policy meeting later this month. Speaking after the G20 finance ministers and central bank governors meeting, Ueda said the BOJ would, as always, have a thorough discussion on monetary policy at its next meeting. Ueda declined to comment on the markets strong expectations for a September rate hike. However, he stated that recent economic data was consistent with the BOJs previous outlook. This key statement suggests that the BOJ is proceeding with its planned further rate hike. The BOJ has previously indicated that future policy discussions will focus on the risks of rising prices. Uedas remarks come as US Treasury Secretary Scott Bessant further called for appropriate policy action from the BOJ this week, further reinforcing market expectations of an imminent rate hike. Overnight index swaps indicate that the market believes there is approximately a 99% probability of a BOJ rate hike in September.U.S. Energy Secretary Wright: 17 million barrels of oil passed through the Strait of Hormuz on Monday.

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