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On April 22, the Reserve Bank of Australia (RBA) is closely monitoring Anthropics newly launched "Mythos" artificial intelligence model. Anthropic claims the model is powerful enough to handle sophisticated cyberattacks. In a statement, the RBA said, "We are working with peer regulators, governments, and regulated entities. The RBA will continue to assess the impact of these technological advancements to ensure the continued security and stability of the financial system." Meanwhile, regulators around the world are discussing with financial institutions how to address the cybersecurity risks associated with "Mythos."On April 22, Iranian Permanent Representative to the United Nations, Illavani, stated on April 21 that Iran is ready to resume negotiations, but this depends on the United States. Negotiations will only begin if the US lifts its blockade. This statement came as US President Trump announced an extension of the ceasefire with Iran. However, according to Irans Tasnim News Agency, Iran did not request an extension. The Speaker of the Iranian Islamic Parliament, and advisor to former head of the negotiating delegation, Ghalibaf, also stated on social media that continued blockades are tantamount to bombing and must be met with a military response.April 22 – At todays quarterly press conference of the Ministry of Emergency Management, it was announced that in 2025, the Central Committee of the Communist Party of China and the State Council issued the "National Overall Emergency Response Plan for Emergencies," requiring all localities and relevant departments to promptly adjust the content of the emergency response plans based on the results of emergency response and drill evaluations. Currently, a new round of revisions and formulation of national-level emergency response plans has been fully launched. According to the plan, national-level emergency response plans that require revision after evaluation will, in principle, be completed by December 2026.On April 22, the Taiwan Affairs Office of the State Council held a regular press conference. A recent poll released by the Taiwan Democracy and Education Foundation showed that, regarding the possibility of a military conflict between the two sides of the Taiwan Strait, 54.4% of respondents believed that the United States would definitely not or might not unconditionally send troops to protect Taiwan, while only 28.6% believed it would. What is your comment on this? Zhang Han, spokesperson for the Taiwan Affairs Office, stated that the poll once again demonstrates that more and more Taiwanese compatriots realize that "Taiwan independence" is a dead end, that outsiders cannot be relied upon, and that in the eyes of the United States, Taiwan is merely a "pawn" to contain the mainlands development, and a "discarded pawn" that can be abandoned at any time. It must be emphasized that the Taiwan issue is purely Chinas internal affair and brooks no external interference. The DPP authorities stubborn "reliance on the US for independence" will not bring security and peace, but will only bring immediate harm and future generations.On April 22, the Taiwan Affairs Office of the State Council held a regular press conference. Lai Ching-tes planned visit to Swaziland was cancelled because the relevant country refused to issue a flight permit for his chartered flight. What is your comment on this? Zhang Han, spokesperson for the Taiwan Affairs Office, stated that we appreciate the position and practices of the relevant countries in adhering to the one-China principle. Those who act justly gain widespread support, while those who act unjustly find themselves isolated. Facts have once again proven that the one-China principle is a fundamental norm of international relations and a universal consensus of the international community; it is an irresistible trend, a matter of righteousness, and the will of the people.

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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