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British Chancellor of the Exchequer Reeves: We will take steps to ensure compliance with fiscal rules; we are committed to preparing a budget every year, which will be published in the autumn.According to the news on January 11, in 2024, Shenzhens total electricity consumption will be 121.49 billion kWh, a year-on-year increase of 7.7%. Among them, industrial electricity consumption, service industry electricity consumption, number of residential electricity users and electricity consumption all showed a significant increase. In 2024, Shenzhens secondary industry electricity consumption will be 57.62 billion kWh, a year-on-year increase of 8.8%; among them, industrial electricity consumption will reach 55.2 billion kWh, a year-on-year increase of 8.9%.Russia says it has taken control of the Shevchenko settlement in Ukraines Donetsk region.On January 11, the 2025 Spring Festival travel plan for the Yangtze River Delta Railway was recently released. It is expected that 97 million passengers will be transported during the 40 days of the Spring Festival travel, with an average daily passenger volume of 2.425 million, a year-on-year increase of 5.1%, setting a record high. The Yangtze River Delta Railway Department plans to add 398.5 pairs of passenger trains on the basis of using the peak operation diagram. During the peak period, the maximum number of passenger trains will exceed 1,700 pairs per day to actively respond to the large passenger flow during the Spring Festival travel.On January 11, Sergey Lebedev, coordinator of the pro-Russian underground organization in Nikolayev Oblast, Ukraine, told RIA Novosti on January 10 that witnesses reported large-scale transportation of NATO equipment in Poland. Lebedev said: "In recent days, a lot of information from Poland shows that NATO is transporting a large number of personnel and equipment. The scale of equipment transportation is so large that it is impossible not to be discovered." Lebedev believes that Western countries are preparing for a conflict between Poland and Russia and a possible blockade of Kaliningrad. He said: "The West is waging war against Russia in Ukraine, and they will do everything they can. They dont care about the lives of the Poles, just as they dont care about the lives of the Ukrainians."

The USD/CHF Currency Pair Trades Near 0.9720 as Investors Await the SNB's Jordan Speech

Alina Haynes

Apr 29, 2022 09:44

The USD/CHF pair demonstrated a back and forth movement during the Asian session. The asset is consolidating in a six-pip range ahead of the Swiss National Bank's (SNB) Thomas J. Jordan's Friday address.

 

Jordan's remarks will likely dictate the SNB's monetary policy action in June. For an extended period, the SNB has maintained an ultra-loose monetary policy. However, investors may be surprised this time around as SNB policymakers may sound a little more hawkish. The Swiss Consumer Price Index (CPI) has surpassed the 13-year high of 2.2 percent, significantly exceeding the planned inflation rate of 2%. Although the announcement will take a neutral posture, guidance may be quite aggressive.

 

Meanwhile, the US dollar index (DXY) is undergoing a temporary correction following a stronger upward trajectory. The DXY is currently stabilizing at 103.65 and is looking for a trigger to move higher. The uncertainty surrounding the Federal Reserve's (Fed) announcement of an interest rate decision next week will govern future prices. Investors should brace themselves for a big rate hike, as the Federal Reserve is wary about escalating inflation. Today's session will be dominated by the Michigan Consumer Sentiment Index (CSI), which is expected to come in at 62 points, down from the prior reading of 65.7 points.

USD/CHF

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