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On January 11, the 2025 Spring Festival travel plan for the Yangtze River Delta Railway was recently released. It is expected that 97 million passengers will be transported during the 40 days of the Spring Festival travel, with an average daily passenger volume of 2.425 million, a year-on-year increase of 5.1%, setting a record high. The Yangtze River Delta Railway Department plans to add 398.5 pairs of passenger trains on the basis of using the peak operation diagram. During the peak period, the maximum number of passenger trains will exceed 1,700 pairs per day to actively respond to the large passenger flow during the Spring Festival travel.On January 11, Sergey Lebedev, coordinator of the pro-Russian underground organization in Nikolayev Oblast, Ukraine, told RIA Novosti on January 10 that witnesses reported large-scale transportation of NATO equipment in Poland. Lebedev said: "In recent days, a lot of information from Poland shows that NATO is transporting a large number of personnel and equipment. The scale of equipment transportation is so large that it is impossible not to be discovered." Lebedev believes that Western countries are preparing for a conflict between Poland and Russia and a possible blockade of Kaliningrad. He said: "The West is waging war against Russia in Ukraine, and they will do everything they can. They dont care about the lives of the Poles, just as they dont care about the lives of the Ukrainians."On January 11, Ant Group and Good Doctor Online appeared on the same stage for the first time after completing the acquisition. Both parties said they would jointly promote the AI of medical services, improve doctors work efficiency with AI, and released an "AI assistant" to help doctors popularize science and manage medical records.Ukraine said Russia launched 74 drones during the night, 47 of which were shot down and another 27 failed to reach their targets.Russian Ministry of Defense: A Mi-28NM helicopter of the Russian Aerospace Forces prevented the rotation of Ukrainian troops in Kursk Oblast and destroyed Ukrainian armored vehicles and personnel.

US Dollar Index Dodges Around 100.60, Eyes More Upside on Hawkish Powell

Larissa Barlow

Apr 22, 2022 09:48

The US dollar index (DXY) is demonstrating casual fluctuations in a modest range of 100.55-100.66 after a robust comeback on Thursday. Since the likelihood of a major rate hike by the Federal Reserve increased, the DXY has exhibited a clear reversal after falling below the psychological support level of 100.00. (Fed). After declaring that investors should brace for a half-percent rate hike in May's monetary policy, Fed chair Jerome Powell's speech boosted the likelihood of a 50 bps interest rate hike.

Fed’s Powell Speech at IMF

The arrival of Fed’s Powell at the International Monetary Fund (IMF) produced a significant reversal in the DXY as Powell repeated that the tight labor market and increasing inflation are driving the Fed to move faster to the neutral rates than to the pace adopted in past raise cycles. Current pricing pressures are damaging the economy, making it difficult for the Federal Reserve System (Fed) to reduce the CPI (Consumer Price Index) down to the targeted 2 percent level.

Key Events Next Week

Durable Goods Orders, Consumer Confidence, Housing Price index, Gross Domestic Product (GDP) statistics, Personal Consumption Expenditure Prices, Michigan Consumer Sentiment Index (CSI) (CSI).

Eminent Issues on the Back Boiler

ECB President Christine Lagarde and BOE Governor Andrew Bailey are all scheduled to speak at upcoming events, including the Russia-Ukraine peace talks and the IMF summit.

Dollar Index Spot

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