EUR/USD 1.14364
-0.035%
Gold 4002.82
-0.312%
Oil 83.381
2.489%
USD/JPY 162.353
-0.017%
GBP/USD 1.34541
-0.027%
GBP/JPY 218.439
-0.043%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
July 20th - According to the Shanghai Municipal Bureau of Statistics and the Shanghai Survey Office of the National Bureau of Statistics, based on the unified accounting results for regional GDP, Shanghais GDP reached 2,788.663 billion yuan in the first half of the year, a year-on-year increase of 5.6% at constant prices. By industry, the added value of the primary industry was 3.576 billion yuan, a year-on-year increase of 0.9%; the added value of the secondary industry was 569.666 billion yuan, an increase of 4.7%; and the added value of the tertiary industry was 2,215.421 billion yuan, an increase of 5.9%.The main liquefied petroleum gas (LPG) contract surged by 401.00 yuan during the day, currently trading at 5636.00 yuan/ton, an increase of 7.66%.July 20th - Guangxi has launched post-disaster rural housing reconstruction work. Following the work plan of "scientific planning, categorized implementation, strict quality control, and policy support," reconstruction will be carried out in stages and phases. Three reconstruction methods will be selected: repair and reinforcement, reconstruction on the original site, and new construction at a different site. Policies such as repair subsidies, reconstruction subsidies, and temporary resettlement guarantees will be implemented in a standardized manner. The reconstruction of affected housing is expected to be basically completed before the Spring Festival of 2027, restoring normal production and living order for urban and rural residents as soon as possible.On July 20th, the 2026 World Artificial Intelligence Conferences series of sub-forums—the Artificial Intelligence Rule of Law Forum—was held. Focusing on the theme of "Legal Responses to the Development of Intelligent Agents," participating guests engaged in in-depth discussions. The forum also released a white paper entitled "Ten Legal Principles for the Healthy Development of Intelligent Agent Services." The white paper establishes a three-dimensional governance logic: First, it covers the entire process of intelligent agent research and development, training, operation, iteration, and exit, establishing a closed-loop risk control mechanism for the characteristics of autonomous decision-making and cross-domain interaction; second, through rules such as service identification, layered informed consent, minimum permissions, and trusted output, it comprehensively protects users digital rights, with a focus on protecting digitally vulnerable groups such as the elderly and minors; third, it clarifies industry rights and responsibilities, promotes the interconnection of intelligent agents, strictly adheres to the bottom line of "human beings ultimately bear responsibility," and prevents companies from evading responsibility under the guise of intelligent autonomy.U.S. Secretary of State Marco Rubio: The United States remains open to resolving the Iranian issue through diplomatic means.

USD/CHF Consolidates Around 0.9040 As Attention Shifts To US Inflation

Daniel Rogers

Apr 10, 2023 14:27

USD:CHF.png

 

The USD/CHF pair continues to trade lacklusterly above the crucial support level of 0.9036 in the early Tokyo session. Investors are shifting their focus to Wednesday's release of United States Consumer Price Index (CPI) data, making it difficult for the Swiss Franc to gain traction.

 

As tensions between China and Taiwan escalate, S&P500 futures have pared some of their gains. The market's anxiety has been alleviated by the increasing intensity of Chinese military exercises around Taiwan Island. In addition, concerns of a recession are likely to cause volatility in US equities.

 

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with CNN that the recent banking turmoil caused by the dissolution of Silicon Valley Bank (SVB) and Signature Bank has increased the likelihood of a recession in the United States.  Despite the robustness and security of the banking system, the recent turmoil in the financial system is "another weight on the scale" toward recession, he added.

 

The US Dollar Index (DXY) is protecting the 102.00 support level ahead of US Consumer Price Index (CPI) data. According to the consensus, headline inflation will fall from 6.0% to 5.2%. In addition, the headline monthly CPI would decelerate to 0.3% from 0.4% previously reported. As a consequence of oil prices remaining low in March, inflationary pressures are anticipated to become evident.

 

In contrast, the core CPI, which excludes crude and food prices, is anticipated to increase to 5.6% from 5.5%. The tenacity of inflationary pressures is maintained by the resiliency of demand for essential products, as a result of a higher labor cost index. A similar event could compel the Federal Reserve (Fed) to raise rates again at its May monetary policy meeting.

 

Regarding the Swiss Franc, Swiss markets are suspended on Easter Monday. This week, the Producer Price Index (PPI) data will have an impact on the Swiss Franc.

Suggestion