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On July 19, the Ukrainian Air Force reported that Russian forces launched a large-scale missile and drone attack on Ukraine from the evening of July 18 to the early morning of July 19, with the main target being the capital, Kyiv. Kyiv Mayor Viktor Klitschko stated that the latest round of Russian airstrikes had resulted in one death and 15 injuries in Kyiv. The Ukrainian Air Force posted on social media that Russian forces launched 41 missiles and 125 drones into Ukraine, including 10 Zircon hypersonic missiles. As of 8:30 AM on July 19, Ukrainian air defense and electronic warfare units had intercepted 18 missiles and 108 drones. Russian forces hit 20 locations, and another 18 locations were struck by missile and drone debris.Ukrainian President Zelensky: Kyiv forces attacked three oil depots and a fuel facility in Russia’s Stavropol region.On July 19th, E Fund, a QDII open-ended fund, issued a premium risk warning. The fund primarily invests in overseas crude oil ETFs. As of July 15, 2026, the funds net asset value per unit was RMB 1.5908, while the closing price on the secondary market on July 17, 2026, was RMB 1.814, resulting in a premium of 13.97%. The fund manager advises investors to closely monitor the premium risk in the secondary market, make prudent decisions, and avoid significant losses due to blind investment. The fund manager may also take measures such as temporary suspension of trading during the day, extended suspension, or continuous suspension to warn of the risk.According to Bahrains national television, Bahrains air defense system intercepted the Iranian attack.On July 19th, the signing ceremony of the "Agreement on the Establishment of the World Artificial Intelligence Cooperation Organization" was held in Shanghai on the 16th. Twenty-nine countries from Asia, Africa, Latin America, and Europe signed the agreement on-site, becoming founding members. According to relevant sources, this marks a significant milestone in Chinas advocacy and promotion of the establishment of the World Artificial Intelligence Cooperation Organization. In the next stage, China will work with the founding members to promote the organizations early launch and operation. The organization will focus on three key areas: First, prioritizing international cooperation in strengthening artificial intelligence capacity building, promoting the accessibility of artificial intelligence technologies and services through policy exchanges, technological cooperation, personnel training, and joint research, continuously releasing the benefits of artificial intelligence, and ensuring that developing countries benefit equally in the new wave of intelligence. Second, based on communication and dialogue, establishing policy consensus, and sharing best practices, effectively leveraging the platform for supply and demand matching, promoting the deep integration and complementarity of national advantages, advancing the "AI+" action in accordance with national conditions, strengthening scientific and technological and industrial cooperation, encouraging the joint construction of an open-source ecosystem, and creating a number of practical and tangible cooperation results. Third, we are committed to firmly upholding the purposes and principles of the UN Charter, supporting the better role of the UN, implementing the Global Digital Compact and the UN Sustainable Development Goals, and promoting the building of a just and equitable global governance system in the field of artificial intelligence.

USD/CHF Steady at 1.0020 as DXY Pauses, Powell and US Retail Sales Take Center Stage

Daniel Rogers

May 16, 2022 10:46

The USD/CHF pair is bouncing within a small range between 1.0020 and 1.0030 in early Tokyo, as the US dollar index (DXY) is not gaining much traction due to Monday's light economic calendar. Although broad-based fundamentals continue to favor the dollar bulls, the Federal Reserve (Fed) is projected to raise interest rates by another significant number in June in an effort to limit the inflation issue.

 

Last week, Fed's Powell's interview with the national radio show Marketplace revealed the ongoing conversations among Fed policymakers regarding anticipated rate hikes in monetary policies. Fed Powell indicated that the Fed could declare two additional rate hikes in the next two consecutive monetary policy sessions in order to tame the soaring inflation.

 

In the meantime, the US dollar index (DXY) is poised between 104.46 and 104.60 after reaching a new 19-year high of 105.00 on Friday. The DXY appreciates the broader gains but requires further triggers to maintain strong. In the future, two significant events on Tuesday will keep investors occupied. First will be Fed Chairman Powell's speech, which will likely influence monetary policy action in June. The second significant event is the monthly US Retail Sales report, which is anticipated to increase by 0.7% from the previous reading of 0.5%.

 

In terms of the Swiss franc, Friday's Industrial Production data will be the focal point. The catalyst reached 7.3% the previous time. A greater-than-anticipated number will strengthen the Swiss franc against the U.S. dollar. 

USD/CHF

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