• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 27 - According to statistics released by Nepals National Disaster Risk Reduction Authority on the 27th, flash floods in northern Nepal have caused 359 deaths and 910 people are still missing.The World Health Organization announced on the 27th that the Ebola outbreak in Uganda has ended.The number of initial jobless claims in the U.S. fell last week, indicating that the U.S. labor market remains stable despite an unexpected drop in employment in July. The Labor Department said Thursday that seasonally adjusted initial claims fell by 4,000 to 203,000 in the week ending August 22, compared with economists expectations of 208,000. Initial claims are currently at the lower end of the years range of 189,000 to 230,000, suggesting that even with weak hiring activity, layoffs remain low. The U.S. unemployment rate fell slightly again last month to 4.1%, a historically low level. If the labor market continues to remain stable, the Federal Reserve may be able to continue focusing on controlling inflation. U.S. inflation has been above the Feds 2% target for 65 consecutive months. Data showed that continuing jobless claims fell by 18,000 to 1.778 million, an indicator that can be used as a reference for hiring.The U.S. goods trade deficit widened to its highest level since early last year in July, with imports surging, primarily driven by increased shipments of capital equipment. Data released by the Commerce Department on Thursday showed that the goods trade deficit widened by 17.2% in July from the previous month to $118.8 billion, the highest level since March 2025, compared to economists median forecast of $100.5 billion. The figures are unadjusted for inflation. Imports rose 3.7% in July, while goods exports fell 2.9%. The U.S. trade deficit has fluctuated in recent months. On the one hand, the war with Iran has boosted global demand for U.S. petroleum products; on the other hand, U.S. companies are stockpiling goods and raw materials to mitigate the impact of supply chain disruptions. Meanwhile, companies are adapting to changing tariff rates, and imports of artificial intelligence-related equipment remain strong.International oil prices rebounded somewhat and fluctuated near their intraday highs. A chart provides a quick overview of the pre-market conversion of domestic and international crude oil prices.

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

image.png