EUR/USD 1.17360
0.078%
Gold 4730.33
-0.614%
Oil 93.712
3.363%
USD/JPY 159.355
0.036%
GBP/USD 1.34897
0.163%
GBP/JPY 214.970
0.199%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Federal Reserves Goolsby: This oil price shock is different from the 1970s.Federal Reserves Goolsby: Dont be surprised if consumer confidence deteriorates. The consumer confidence index, as a behavioral indicator, has certain flaws.Bank of England Governor Bailey: Banks have remained resilient.Federal Reserves Goolsby: As long as consumers remain strong, economic growth will also be strong.April 14th - According to a new report released by White House economists, the United States faces a shortage of at least 10 million single-family homes, a figure higher than previous estimates by the government and private sector. According to the latest annual "Presidents Economic Report" from the White House Council of Economic Advisers, "If single-family home construction and the growth in the stock of such homes had not declined significantly since 2008, but had continued at their historical pace, there would be 10 million or more single-family homes available today." Freddie Mac, a government-controlled company, stated in November 2024 that based on demand driven by population growth, the U.S. housing supply gap is 3.7 million units. The National Association of Realtors, in June 2021, estimated the housing gap at 5.5 million units based on trends over the past 20 years compared to the construction rate between 1968 and 2000. This report comes as policymakers in Washington are trying to demonstrate to voters that they are taking action on high housing prices. High housing costs are a key issue in the upcoming midterm elections, with affordability expected to be a central theme.

USD/CHF Consolidates in a Range of 0.9320-0.9350 on Expectations of Rate Reversion to Neutral

Drake Hampton

Apr 08, 2022 09:57

Tips

  • USD/CHF remained stuck around 0.9350 despite a big increase in US Treasury yields.

  • The DXY is aiming for 100.00 as traders increase their expectations for an aggressive rate hike.

  • Russia resigns from the United Nations Human Rights Council.

 

Since Thursday, the USD/CHF pair has been swinging within a narrow band of 0.9318-0.9348 as Federal Reserve (Fed) policymakers have begun prescribing a reversion to neutral rates from ultra-loose monetary policy postures.

 

After commenting on the amount to which the Fed will raise interest rates in future monetary policies, members of the Fed's Monetary Policy Committee (MPC) have changed their focus to calling for a return to neutral policy. The ultra-loose monetary policies and helicopter money used to boost growth following the Covid-19 outbreak have served their purpose, and it would be preferable to return to normal rates and a self-sufficient economy. Atlanta Fed President Raphael Bostic stated on Thursday that while it is quite acceptable for the Fed to move policy closer to neutral, it should go cautiously, according to Reuters.

 

On the Russia-Ukraine front, Russia is expelled from the United Nations (UN) Human Rights Council after its members voted against the Kremlin's war crimes in Bucha, Ukraine. Additionally, US lawmakers have decided to prohibit Moscow from importing oil, gas, and coal. Additionally, the former has opted to revoke its 'Most Favored Nation' trade designation, resulting in higher tariffs for Moscow.

 

Meanwhile, the US dollar index is heading towards the enchanted level of 100.00, fueled by forecasts for better US Consumer Price Index (CPI) data next week. The yield on the 10-year US Treasury note has recaptured a three-year high of 2.66 percent as rate rise worries resurface.

USD/CHF

image.png 

Suggestion