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On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.

USD/CHF Jumps on a Weak Open Near 0.9310, Tracing the DXY's Recovery

Drake Hampton

Apr 11, 2022 10:46

  • USD/CHF has shrugged off the bearish opening and is aiming for last week's high of 0.9370.

  • The Fed's big interest rate hike is premised on a forecast of a higher US CPI print of 8.3 percent.

  • Mester of the Federal Reserve anticipates that inflation will remain elevated even next year.

 

The USD/CHF pair is surging higher on Monday following a slightly negative starting gap at approximately 0.9310. Typically, a stronger positive response by market players following a gap-down opening signal a bargain purchase for investors.

 

The pair is extending last week's optimism, as the Swiss unemployment rate remained constant at 2.2 percent, supporting the strong greenback against the Swiss franc.

 

The asset is tracking the US dollar index (DXY), which is predicted to continue printing huge swings as investors await Tuesday's release of the US Consumer Price Index (CPI). This will have a substantial impact on the Federal Reserve's (Fed) probable monetary policy move in May.

 

The market consensus estimates annual US inflation at 8.3 percent, far higher than the prior number of 7.9. On the inflation front in the United States, Cleveland Federal Reserve (Fed) president Loretta Mester indicated on Sunday that inflation will continue high this year and next despite the Fed's gradual slowing of price hikes, according to Reuters. To keep inflation below the target of 2%, a reasonable healthy time is required, and the Fed is expected to maintain a robust hawkish position until then.

USD/CHF

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