EUR/USD 1.17797
0.486%
Gold 4723.80
0.784%
Oil 92.012
-2.817%
USD/JPY 156.725
-0.130%
GBP/USD 1.36276
0.570%
GBP/JPY 213.582
0.450%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On May 10, UN Secretary-General António Guterres spokesperson, Stéphane Dujarric, issued a statement on May 9, welcoming the announcement by Russia and Ukraine of a three-day ceasefire from May 9 to 11 and plans for a large-scale prisoner exchange. The statement said the Secretary-General reiterated his call for an immediate, comprehensive, unconditional, and lasting ceasefire as a first step toward achieving a just, sustainable, and comprehensive peace, consistent with the UN Charter, international law, and relevant UN resolutions. The statement added that Guterres appreciated the efforts made by the United States to facilitate the agreement and fully supported its implementation.Hungarian Prime Minister Majol apologized for the mistakes made by the government of Prime Minister Viktor Orbán.On May 9th, Hong Kong Stock Exchange data showed that the total market capitalization of the securities market reached HK$48 trillion at the end of April 2026, a year-on-year increase of 24%. The average daily turnover in April 2026 was HK$253.5 billion. The average daily turnover for the first four months of 2026 was HK$271.1 billion, a year-on-year increase of 8%. The average daily turnover of exchange-traded funds (ETFs) for the first four months of 2026 was HK$39.1 billion, a year-on-year increase of 5%. There were 49 new listed companies in the first four months of 2026, a 158% increase compared to 19 in the same period last year. The total funds raised through initial public offerings (IPOs) in the first four months of 2026 amounted to HK$151.4 billion, a year-on-year increase of 604%.On May 9th, the National Healthcare Security Administration released the "Work Plan for Adjusting the National Basic Medical Insurance, Maternity Insurance and Work Injury Insurance Drug Catalog and the Commercial Health Insurance Innovative Drug Catalog in 2026 (Draft for Public Comment)" for public comment.On May 9th, Japans Ministry of Economy, Trade and Industry (METI) announced on social media that Japan may send government officials to Russia as early as the end of May to maintain communication channels and provide support to its companies still operating in Russia. METI stated that it is necessary to protect the assets of Japanese companies remaining in Russia, and to support these efforts, the Japanese government has been maintaining government-level communication with Russia and has made relevant requests.

The USD/CHF exchange rate fluctuates at 0.94 prior to US five-year inflation projections

Alina Haynes

Dec 08, 2022 15:27

USD:CHF.png

 

During the Tokyo session, the USD/CHF pair is oscillating near the round-level barrier of 0.9400 as investors await the release of the United States' five-year consumer inflation forecasts for more direction. The Swiss franc is attempting to surpass the immediate resistance level of 0.9410, but the risk-on mentality stops the US Dollar from advancing further.

 

In the framework of the risk appetite theme, the US Dollar Index (DXY) is hitting resistance close to the significant level of 105.20. In the meantime, 10-year US Treasury yields have attempted to recover after falling to approximately 3.40 percent on Wednesday. The yield on long-term US Treasury bonds has rebounded to approximately 3.45%.

 

The growing unpredictability around the Federal Reserve's (Fed) policy outlook has caused market participants to feel anxious. As a result of favorable U.S. economic data, investors anticipate future rate hikes from the Federal Reserve to combat rising inflationary pressures. Moreover, it will compel a recession, as businesses will lower or maintain their current level of economic activity in response to rising interest liabilities.

 

At a Goldman Sachs financial conference, Bank of America (BoA) CEO Brian Moynihan informed investors that the United States economy will see "moderate contraction" in the first quarter of 2023.

 

Friday's release of US Consumer Inflation Expectations for the Next Five Years will continue to be closely monitored by investors.

 

Regarding the Swiss franc, investors are shifting their focus to the Swiss National Bank's (SNB) interest rate announcement scheduled for next week. As inflationary pressures are moderately over the target rate, it is predicted that SNB Chairman Thomas J. Jordan would continue to loosen monetary policy. This week, the Swiss Unemployment Rate fell to 2.1%, which is lower than the previous data of 2.0% and the consensus estimate of 2.2%.

Suggestion