EUR/USD 1.13357
-0.300%
Gold 3372.19
-1.700%
Oil 59.173
0.782%
USD/JPY 143.189
0.522%
GBP/USD 1.33435
-0.195%
GBP/JPY 191.070
0.370%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
US Secretary of State Rubio urged India and Pakistan to keep communication channels open to avoid escalation of the situation.Japanese Chief Cabinet Secretary Yoshimasa Hayashi: Japan strongly urges India and Pakistan to cool down the situation through dialogue.On May 7, Li Yunze, director of the Financial Supervision Bureau, said at a press conference held by the State Council Information Office that the Financial Supervision Bureau will further launch a package of policies to support the financing of small and micro enterprises and private enterprises in the near future, focusing on four aspects: First, increase supply, deepen and implement the financing coordination mechanism, carry out in-depth visits to thousands of enterprises and households, increase the issuance of first loans, renewal loans, and credit loans, and drive the growth rate of inclusive small and micro enterprise loans to be higher than the average growth rate of all loans. Second, reduce costs, timely transmit market interest rate dividends and internal funds transfer pricing preferences, and at the same time standardize the cooperation between institutions and third parties to promote a steady decline in comprehensive financing costs. Third, improve efficiency, promote banks to simplify internal processes, flexibly meet various investment needs, and ease the turnover pressure of corporate funds. Fourth, improve the environment, strengthen the coordination of relevant policies such as finance, taxation, and industrial supervision, and accelerate the improvement of relevant systems in terms of guarantee credit investigation, credit repair, and issuance standards.The Ukrainian military said the apartment was on fire after the Russian drone attack in Kyiv.Li Yunze, director of the State Financial Regulatory Administration, said at a press conference held by the State Council Information Office on May 7 that the issuance of first loans, renewal loans and credit loans to micro and small enterprises will be increased.

The USD/CHF exchange rate is approaching 0.9860 in anticipation of US ISM Services PMI data

Daniel Rogers

Sep 05, 2022 16:38

 截屏2022-09-05 上午10.30.39.png

 

The USD/CHF pair has been steadily climbing since the start of the Tokyo session, and it is currently trading near a six-week high of 0.9860. After a month of uninterrupted control by bulls, the asset is now moving sideways. The major is trading between 0.9783 and 0.9859; a rise is expected.

 

Since the favorable US Nonfarm Payrolls (NFP) report was released on Friday, the asset's value has risen considerably. After the US economy added 315k jobs in August, beating predictions of 300k, the Federal Reserve (Fed) is more likely to raise interest rates by 75 bps for a third consecutive time. The Federal Reserve's policymakers must face the unsettling reality of a sluggish response to rising inflation. However, the Federal Reserve's worries are fading as the US economy posts a series of strong job growth.

 

Meanwhile, despite an increase in the Unemployment Rate, the value of the US dollar index (DXY) reached 110.03, a new 20-year high. The latest unemployment rate report came in at 3.7%, which is higher than both forecasts and the preceding report (3.5%). For the time being, investors will be focusing on the US ISM Services PMI data that will be released on Tuesday. Forecasts indicate a decline in economic indicators, from 56.7 to 54.9. As Monday is the United States' Labor Day, the markets will be closed.

 

As a result, the Swiss franc has fallen in value due to disappointing data on Real Retail Sales. The 2.6% GDP reading was lower than the 3.3% predicted by economists, but it was higher than the 0.7% reading reported in the prior update. Meanwhile, the annual rate of increase in the Consumer Price Index (CPI) has risen to 3.5%, which is higher than both market forecasts and the prior reading of 3.4%.

Suggestion