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The post Swiss Franc steadies as traders brace for US PPI data, Trump-Xi summit appeared on BitcoinEthereumNews.com. The USD/CHF pair trades on a flat note around 0.7805 during the early European trading hours on Wednesday. Traders await the key US inflation data and continue to assess the developments surrounding US-China talks later this week. The South China Morning Post reported on Wednesday that US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will hold trade and economic talks in South Korea ahead of US President Donald Trump’s official visit to China. The Trump-Chinese President Xi Jinping summit will take place in Beijing on Thursday and Friday. Earlier on Tuesday, Trump said that he would prioritize trade discussions during his summit with Chinese President Xi Jinping, and downplayed the amount of attention they would devote to the Iran war. The US Producer Price Index (PPI) report will take center stage later on Wednesday. Markets expect the headline U
Read full articleThe summit's outcomes could reshape global crypto mining dynamics, impacting profitability and competition across international markets. The post Trump-Xi summit aims to reshape US-China relations, and crypto markets are already placing bets appeared first on Crypto Briefing.
The post Swiss Franc weakens as SNB resists strength, US CPI eyed appeared on BitcoinEthereumNews.com. USD/CHF trades around 0.7815 on Tuesday at the time of writing, up 0.46% on the day, supported by renewed demand for the US Dollar (USD) amid fresh geopolitical tensions in the Middle East. Market sentiment deteriorates after comments from United States (US) President Donald Trump stating that the US-Iran ceasefire is on “life support.” According to CNN, several members of his administration are now reportedly considering a resumption of major military operations more seriously. This backdrop revives safe-haven flows and supports the Greenback. The US Dollar Index (DXY), which measures the US Dollar’s performance against a basket of six major currencies, rises toward 98.30, also supported by increasingly hawkish expectations regarding the Federal Reserve’s (Fed) monetary policy. Investors are now awaiting the release of the US Consumer Price Index (CPI) for April. Consensus expects an
Nvidia's exclusion from US-China talks highlights shifting trade priorities, potentially reshaping global tech markets and investment landscapes. The post Nvidia CEO Jensen Huang will not attend Trump-Xi meeting in Beijing appeared first on Crypto Briefing.
The post Swiss Franc regains traction as USD eases from intraday highs amid stalled US-Iran negotiations appeared on BitcoinEthereumNews.com. The Swiss Franc (CHF) regains traction against the US Dollar (USD) on Monday, with USD/CHF pulling back after opening the week with a bullish gap as the Greenback gives up part of its earlier gains while traders continue to monitor developments in the Middle East. At the time of writing, the pair is trading around 0.7773 after touching an intraday high near 0.7795, though it remains up about 0.12% on the day. The pullback in USD/CHF appears largely technical in nature as traders partially fill the bullish opening gap. However, the US Dollar’s downside remains limited as fading hopes for a near-term resolution to the US-Iran conflict support safe-haven demand for the Greenback. The US Dollar Index (DXY), which tracks the Greenback’s value against a basket of six major currencies, is trading around 97.88 after hitting an intraday high near 98.15. U
The forecasted yuan appreciation could enhance China's global trade leverage, impacting forex markets and potentially stabilizing crypto assets. The post Goldman Sachs forecasts 4.5% gains for Chinese renminbi amid Trump-Xi summit appeared first on Crypto Briefing.
