EUR/USD 1.15621
0.337%
Gold 4341.44
2.381%
Oil 77.227
-0.186%
USD/JPY 157.444
-0.629%
GBP/USD 1.34967
0.323%
GBP/JPY 212.503
-0.314%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Intel (INTC.O): Greg Ernst will leave Intel after 27 years in the company.Intel (INTC.O): Appointed Dean Jarnac as Executive Vice President and Chief Sales Officer.On August 8th, the U.S. Federal Aviation Administration (FAA) issued an airworthiness directive on August 6th, applicable to three models of Boeing passenger aircraft, affecting an estimated 471 aircraft registered in the United States. The FAA stated that it had received reports of cracks in the fuselages of some aircraft, and that these issues could adversely affect the structural integrity of the aircraft. The directive requires inspections of these aircraft. The directive will take effect on September 10th.The Federal Reserve accepted a total of $1.45 billion from two counterparties in its fixed-rate reverse repurchase operations.August 8th - According to White House National Economic Council Director Hassett on Friday, US President Trump and Federal Reserve Chairman Warsh frequently discuss economic issues. Hassett stated that he does not overhear these calls but insisted he is "confident" the president will not pressure Warsh on interest rate decisions. Hassett said, "Wash and the president have a very close, long-standing relationship stemming from their interactions in New York City and Florida, and they have consistently discussed the economy. I also communicate with Warsh, and so does Bessett, so this is not news." Regular calls between Trump and Warsh are uncommon in the modern history of the White House-Federal Reserve relationship and have raised concerns that the president is seeking to influence the Feds policy-making. Hassett stated that Trump "respects the independence of the Federal Reserve."

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