EUR/USD 1.15558
-0.022%
Gold 4442.75
-1.407%
Oil 92.076
1.762%
USD/JPY 159.486
0.015%
GBP/USD 1.33556
-0.061%
GBP/JPY 213.008
0.015%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German central bank: German economy may stagnate in the first quarter.German central bank: German inflation will rise to 3% in the short term.British Prime Minister Starmer: Our commitment to Ukraine is "unwavering".On March 26, local time, in response to the conflict between Pakistan and Afghanistan, Pakistani Foreign Ministry spokesperson Tahir Andrabi stated that operations against Afghanistan are ongoing. The temporary ceasefire ended on March 23, and subsequent operations will continue until the objectives are achieved. From the night of February 26 to the early morning of February 27, clashes occurred between Afghanistan and Pakistan in the border region, after which tensions rapidly escalated. Afghan government spokesperson Mujahid issued a statement on social media on the evening of March 18, local time, saying that the Afghan government would suspend military operations against Pakistan during Eid al-Fitr. Pakistani Information and Broadcasting Minister Ataulla Talal also issued a statement on social media on the same day, saying that Pakistan would cease attacks on Afghanistan during Eid al-Fitr.On March 26, PICC Group (01339.HK) announced that its total operating revenue for 2025 was RMB 669.254 billion, representing a year-on-year increase of 7.6%; net profit attributable to shareholders of the parent company was RMB 46.207 billion, representing a year-on-year increase of 9.6%. The Board of Directors recommends a final dividend of RMB 1.45 per 10 shares (inclusive of tax) for the year ended December 31, 2025, totaling approximately RMB 6.412 billion (inclusive of tax).

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