EUR/USD 1.14079
-0.031%
Gold 4115.31
0.231%
Oil 72.070
0.082%
USD/JPY 162.396
0.189%
GBP/USD 1.33507
-0.058%
GBP/JPY 216.815
0.147%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Reserve Bank of New Zealand stated that part of the purpose of raising interest rates at this meeting was to avoid unnecessary further easing of financial conditions.Reserve Bank of New Zealand: Inflation expectations have declined recently as current oil futures prices are priced significantly below the assumptions made in the May statement.Reserve Bank of New Zealand: The committee unanimously agreed that while there is a high probability of further interest rate hikes at future meetings, the timing is highly uncertain.The Reserve Bank of New Zealand: The Monetary Policy Committee reached a consensus today to raise the Official Cash Rate (OCR).July 8th - Today (July 8th), the Ministry of Civil Affairs held a press conference in Beijing to release the "Guidelines for the Construction and Management of a Three-Tier Urban and Rural Elderly Care Service Network." This aims to create a comprehensive elderly care service network covering urban and rural areas, encompassing home, community, and institutional care, allowing seniors to access professional elderly care services conveniently nearby. The guidelines stipulate the integration of various resources, such as county-level special hardship support service institutions, to establish comprehensive elderly care service management platforms at the county (city, district, banner) level. These platforms will undertake functions such as service demonstration, industry guidance, and resource coordination, promoting smart management and utilizing intelligent devices to accurately profile the conditions and needs of seniors and promptly match services, thereby coordinating the regional development of elderly care services.

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