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On January 10th, the Cyberspace Administration of China drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Public Comment)," and is now soliciting public opinions. The draft stipulates that internet applications should provide users with a convenient function to cancel their accounts. When users cancel their accounts, except in cases where it is truly necessary to prevent black market activities or for security risk control, internet applications may not require users to provide additional personal information beyond what the application has already collected, such as facial recognition data or photos of users holding their ID cards. Furthermore, internet applications must complete account cancellation within 15 working days, deleting or anonymizing the collected personal information, unless otherwise stipulated by laws and administrative regulations.The Iranian military has called on its citizens to remain vigilant in order to thwart enemy plots.On January 10th, the Cyberspace Administration of China (CAC) drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Public Comment)," and is now soliciting public opinions. The draft stipulates that internet applications should only request necessary personal information permissions when users use specific functions, and must simultaneously inform users of the purpose of use; prior requesting is prohibited. If a user refuses, the internet application must not frequently request such permissions, thus affecting the users normal use of other functions. Internet applications must not collect or use personal information before the user agrees to the rules for collecting and using personal information, and must not collect or use personal information beyond the purpose, method, type, or retention period agreed upon by the user. The permissions requested by internet applications must be directly related to the current functional scenario, and personal information should be collected only when the user uses a specific function, with the lowest frequency and smallest scope required. Permissions should be stopped when the current functional scenario no longer requires them, and unnecessary personal information should not be collected or unnecessary permissions should be requested.On January 10, the Cyberspace Administration of China (CAC) drafted the "Regulations on the Collection and Use of Personal Information by Internet Applications (Draft for Public Comment)" and is now soliciting public opinions. The draft stipulates that internet applications should only access camera and microphone permissions when users actively choose to use functions such as taking photos, sending voice messages, and recording audio or video. Applications should not access camera and microphone permissions when users have stopped using these functions or in unrelated scenarios.The China Earthquake Networks Center officially determined that a 5.4-magnitude earthquake occurred at 15:57 on January 10 in the open sea off the east coast of Kamchatka (52.70 degrees north latitude, 161.00 degrees east longitude), with a focal depth of 20 kilometers.

As Yields Approach 3%, the US Dollar Index Pursues Establishment Above 101.00

Larissa Barlow

Apr 20, 2022 09:53

In early Tokyo, the US dollar index (DXY) is auctioning in a narrow range of 100.094-101.03. The asset is establishing a base before breaking through the 101.00 barrier, as the DXY has been bolstered by rising estimates of interest rates reaching 3.5 percent by the end of fiscal year 2022.

Fed Policymakers' Addresses

President James Bullard of the Federal Reserve Bank of St. Louis (Fed) opened the door on Monday for the Fed to boost interest rates 75 basis points (bps) in its May monetary policy statement. The likelihood of a massive interest rate hike has increased following the US economy's March inflation reading of 8.5 percent.

 

Meanwhile, Chicago Fed President Charles Evans stated on Tuesday that he is "comfortable" with a rate hike cycle this year that includes two 50 basis point increases and reaches a neutral level by year's end, but he does not see the need for further hikes, according to Reuters.

US Treasury Yields Increase Significantly

For the first time in three years, 10-year US Treasury yields are attempting to breach the psychological level of 3%. Rising wagers on a prolonged era of low interest rates are boosting yields, which eventually drive the greenback higher.

 

This week's significant events include the issuance of building permits, housing starts, initial jobless claims, and the S&P Global PMI.

 

On the back burner are the Russia-Ukraine Peace Talks, the International Monetary Fund (IMF) meeting, the People's Bank of China (PBOC) interest rate decision, the Federal Reserve Chair Jerome Powell's speech, the European Central Bank (ECB) President Christine Lagarde's speech, and the Bank of England's (BOE) Governor Andrew Bailey's speech.

Spot Dollar Index 

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