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On January 11th, US President Trump posted a statement saying that for years, Cuba has relied on Venezuelas vast oil and financial resources to function. In return, Cuba provided "security services" to Venezuelas two previous dictators—but all of that is coming to an end! Last weeks US-led attacks have killed most of the "Cubans," and Venezuela no longer needs the protection of these thugs and blackmailers who have held it hostage for years. Now Venezuela has the worlds most powerful military force—the United States—to protect them, and we will fulfill our duty to safeguard them. There will be no more oil and money flowing to Cuba—zero flow! I strongly urge (Cuba) to reach an agreement quickly, lest it be too late.US President Trump: For years, Cuba has relied on large amounts of oil and money from Venezuela to function. But now there will be no more oil and money flowing to Cuba. I strongly urge them to reach an agreement quickly, lest it be too late.On January 11, South African President and African National Congress (ANC) President Cyril Ramaphosa stated on the 10th that 2026 is a "crucial year" for South Africa to achieve development in areas such as improving local government services and promoting economic transformation. Speaking at the ANCs 114th anniversary celebration in Rustenburg, North West Province, Ramaphosa said that South Africa is currently facing numerous domestic and international challenges, with urgent needs for improvement in areas such as government services, governance capacity, and economic growth. Regarding the current international situation, Ramaphosa reiterated South Africas firm support for the people of Venezuela and other countries in safeguarding their national sovereignty.On January 11th, it was reported that on the morning of January 7th, Liu Liehong, Secretary of the Party Leadership Group and Director of the National Bureau of Data Science and Technology, chaired a symposium on data property rights registration. At the meeting, Jiang Ying, President of the Beijing Internet Court, Professor Chang Pengao of Peking University, officials from data management departments of Jiangsu Province, Hangzhou City, Qingdao City, and Shenzhen City, and representatives from companies such as China Mobile, China Southern Power Grid, Beijing International Big Data Exchange, Tencent Group, Haitian Ruisheng, and Taiyi Technology offered their opinions and suggestions on improving the data property rights registration system. Establishing a data property rights registration system is an important measure to implement the data property rights system. The National Bureau of Data Science and Technology will further study and learn from the experiences and practices of registration systems in other fields, continuously absorb opinions and suggestions from all sectors of society, and innovate to establish a registration system adapted to the characteristics of data, so as to better promote the circulation and use of data and release the value of data elements. The main officials from the Policy and Planning Department and the Data Resources Department of the National Bureau of Data Science and Technology attended the meeting.Iranian President Peshizian stated that the United States and Israel are directing "rioters" to create instability in Iran.

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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