EUR/USD 1.04603
-0.389%
Gold 2934.64
-0.152%
Oil 70.150
-3.276%
USD/JPY 149.130
-0.358%
GBP/USD 1.26302
-0.299%
GBP/JPY 188.355
-0.626%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Ukrainian Pravda: Russia lost 1,180 soldiers in the past 24 hours.SK Group Chairman Choi Tae-won: Artificial intelligence and energy have now become the core of global change. Cooperation among South Korea, the United States and Japan in this regard is not an option but a necessity.February 23 news, the 2025 Spring Festival travel season will start on January 14 and end on February 22. As one of the most important and convenient channels for exchanges between the people on both sides of the Taiwan Strait, the Xiamen-Jinmen "mini three links" passenger route has a total of 942 flights during the Spring Festival travel season, transporting more than 180,000 passengers, an increase of 50% and 43.4% year-on-year respectively.On February 23, during the 40 days of the Spring Festival (January 14 to February 22, 2025), the cross-regional flow of people in the whole society was 9.02 billion, an increase of 7.1% over the same period in 2024. Among them, the railway passenger volume was 510 million, a year-on-year increase of 6.1%; the highway passenger flow was 8.39 billion, a year-on-year increase of 7.2% (of which 7.17 billion people drove themselves, accounting for 79.4% of the total cross-regional personnel volume in the whole society, and the highway commercial passenger volume was 1.22 billion); the water passenger volume was 31.21 million, a year-on-year increase of 7.6%; the civil aviation passenger volume was 90.2 million, a year-on-year increase of 7.4%.On February 23, AFP quoted British Foreign Secretary Lamy in a statement issued on Sunday as saying: "Tomorrow (Monday) I will announce the biggest sanctions against Russia since the first few days of the (Ukrainian) conflict." Earlier, the Daily Telegraph quoted British government sources as saying that Britain will announce new aid to Kiev and sanctions against Russia on February 24.

Near 0.9140, USD/CHF meets resistance as the USD Index resumes its decline

Alina Haynes

Mar 31, 2023 11:53

USD:CHF.png

 

Near 0.9140 during the Asian session, the USD/CHF pair confronted formidable resistance. It is anticipated that the Swiss Franc will decline to a new two-week low after falling below 0.9120. Following a brief retracement near 102.25, the US Dollar Index (DXY) has declined, accelerating the acceleration of adverse speculations on the major currency. The USD Index is anticipated to decline below its immediate support of 102.0.

 

As investors anticipate that Federal Reserve (Fed) chair Jerome Powell will not raise interest rates at the May monetary policy meeting in 2023, USD Index adverse speculations are increasing. Undoubtedly, fears of a U.S. banking system crisis have diminished significantly, but U.S. institutions will continue to maintain exceedingly stringent credit conditions to prevent additional casualties. Moreover, the impact of US financial anxiety has not yet been realized.

 

More than 52% of forecasts from CME Fedwatch favor the Fed maintaining its present monetary policy stance at its May meeting.

 

Meanwhile, S&P500 futures carry optimism from Thursday forward. Futures on the S&P 500 index have extended their gains during the Asian session, indicating an increase in market participants' risk appetite. In the absence of clarity regarding the future of monetary policy, there is a decline in the demand for U.S. government bonds.

 

The issuance of Real Retail Sales (Feb) data for the Swiss Franc is anticipated by investors. The annual retail sales data is projected to increase by 1.9%, compared to a decrease of 2.2%, which would strengthen the sustainability of inflationary pressures. Moreover, the Swiss National Bank (SNB) is committed to minimizing inflation through future rate hikes.

Suggestion