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On September 19th, European technology companies and government officials have recently expressed their concerns, questioning whether the proposals by some US artificial intelligence (AI) companies to slow down AI development under the guise of security are "self-serving," arguing that their true aim is to consolidate their own advantages and suppress competitors. European AI companies, including Frances Mistral AI, have expressed their opposition to the proposals from US companies. Mistral stated in a statement: "Some leading companies in the industry are using the current situation to consolidate their market position and push for regulations that favor themselves and suppress competitors." Raphael Aufon, COO of a Swiss company, commented on the US proposals at a technology event in Paris, saying, "This is entirely self-serving; they just want to maintain the markets dependence on their own services." Ben Brooks, head of public policy at the German AI startup Black Forest Labs, stated that artificially created barriers to entry that widen the gap between large AI companies and new entrants will stifle innovation in cutting-edge fields.On September 19th, it was learned from the China Enterprise Reform and Development Research Association that the "2026 China Environmental and Social Governance Development Observation Report" has been officially released. The report shows that the first batch of mandatory disclosure entities have achieved full compliance with timely disclosure requirements, and the quantity and quality of disclosures by A-share listed companies have steadily improved. Data shows that as of April 30, 2026, all 430 mandatory disclosure entities in the first batch completed their 2025 environmental and social governance reports on time, achieving a 100% compliance rate. More than 2,700 A-share listed companies released their 2024 environmental and social governance reports, with a disclosure rate of 49.81%, nearly double that of five years ago. Meanwhile, over 80% of companies disclosed their sustainable development governance frameworks, and the disclosure rates for topics such as pollutant emissions and the circular economy both exceeded 90%. The greenhouse gas emission disclosure rate has risen for three consecutive years to 76.93%. The national carbon market has completed its first expansion, with steel, cement, and aluminum smelting included, covering approximately 60% of the countrys carbon dioxide emissions, and is expected to move towards 80% by the end of the 15th Five-Year Plan period.According to Interfax news agency, Russian troops attacked Ukrainian cargo ships and oil tankers in the Black Sea and at a Ukrainian port.The European-Mediterranean Seismological Centre reports a 5.5-magnitude earthquake in the Peru-Ecuador border region.Polish military: Military air operations have commenced in Polish airspace in response to Russian strikes in Ukraine. Ground-based air defense and radar reconnaissance systems are on high alert.

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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