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August 16th - According to the Washington Post, the U.S. Navy is considering redesigning its upcoming aircraft carriers to better suit President Trumps aesthetic preferences. The Navy is considering modifications to the Ford-class carriers to make their appearance more reminiscent of World War II. These modifications, including moving the multi-level island superstructure command center to the midships, will cost billions of dollars and further exacerbate existing construction delays. Moving the command center midships will sacrifice three key advantages: increased deck space, shorter catapult launch intervals, and reduced turbulence risks during landings. These potential modifications could also lead to construction delays, especially given the ongoing conflict with Iran and the resulting surge in demand for aircraft carriers.August 16th - According to the State Council Information Office website, a press conference will be held at 3:00 PM on Monday, August 17th, 2026. Fu Linghui, spokesperson, chief economist, and director of the Department of National Economic Comprehensive Statistics of the National Bureau of Statistics, will introduce the national economic performance in July 2026 and answer questions from reporters.On August 16, the Iranian military claimed on the 15th that three Iranian pilots had been captured and detained by the Qatari military in March during an attack on a US base in Qatar, and demanded their release. The Qatari Foreign Ministry responded later that day, expressing surprise at the "misleading statements," denying the detention of the Iranian pilots, and stating that Qatar had made every effort to search for them, found the remains of one Iranian pilot, and had communicated and coordinated with Iran regarding the transfer of the remains.August 16th - A Financial Times poll shows that a majority of American voters believe their living conditions have worsened under Donald Trumps leadership, indicating growing public dissatisfaction with the presidents handling of the economy and the cost of living. With less than three months until the November midterm elections, a national poll conducted by Focaldata found that over 53% of registered voters said their finances have deteriorated since Trump returned to the White House in January 2025. Nearly 57% of independent voters and almost a quarter of self-identified Republicans also believe their situation has worsened under the current president. Furthermore, voters are more inclined to believe that Democrats are better positioned than Republicans to address inflation and the cost of living. Democrats also have a slight edge on jobs and the economy, areas long considered Republican strengths.August 16th - According to the U.S. Securities and Exchange Commission (SEC), H&H International Investment, managed by Duan Yongping, held approximately $19.1 billion in total market value at the end of the second quarter, a decrease from approximately $20 billion at the end of the first quarter. In the second quarter, H&H continued to increase its holdings in Pinduoduo, Berkshire Hathaway Class B shares, and Disney, established a new position in Alibaba, while significantly reducing its holdings in Nvidia, Google, and Microsoft, and completely liquidating its positions in TSMC and CrowdStrike.

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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