EUR/USD 1.16116
0.034%
Gold 4329.64
-0.035%
Oil 75.056
-0.989%
USD/JPY 160.289
-0.098%
GBP/USD 1.34299
0.029%
GBP/JPY 215.270
-0.068%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 17, 2026, the State Council Information Office held a press conference on the white paper "Building a More Just and Reasonable Global Governance System: Chinas Concepts, Initiatives and Actions." Zhou Haibing, Vice Chairman of the National Development and Reform Commission, stated at the conference that artificial intelligence (AI) governance is crucial to the fate of all humanity and is a common challenge facing all countries. China, upholding multilateralism and the principles of openness and inclusiveness, actively promotes global governance and international cooperation in AI, continuously contributing Chinese solutions to global development in the intelligent era. Zhou Haibing stated that in the next step, China will adhere to the principle of balancing development and security, actively practice multilateralism, uphold the concept of "people-centered and AI for good," and promote the development of AI in a beneficial, safe, and equitable direction. At the same time, China will fulfill its responsibilities as a major power, manage risks, strengthen prevention, explore cooperation in AI regulatory oversight, and jointly prevent AI security risks.June 17th - According to sources, Topzhu Technologys cumulative sales of consumer-grade 3D printers in China have exceeded one million units since 2022, as of June this year. (Note: By 2025, Topzhu Technology aims to become the first company in Chinas 3D printing industry to achieve annual revenue exceeding 10 billion yuan, with global shipments surpassing one million units.)June 17th - According to Tencent CodeBuddy, Tencent WorkBuddy, as well as the entire CodeBuddy IDE, plugins, and CLI product line, now have GLM-5.2 built-in, providing comprehensive assistance for handling all scenarios such as large-scale project refactoring, ultra-long-chain independent development, and complex system design.According to the official measurement of the China Earthquake Networks Center, a 3.2-magnitude earthquake occurred at 11:25 on June 17 in Haixi Prefecture, Qinghai Province (37.84 degrees north latitude, 95.53 degrees east longitude), with a focal depth of 10 kilometers.Australian mining company Orica: is increasing its investment in copper and gold.

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