Cuba Power Grid Collapse Triggers Nationwide Blackout Amid Deepening Energy Crisis 
Asian Currencies Rise as Dollar Weakens; Yen Holds Steady Amid Japan Intervention Watch 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
Gold Price Rises as Softer Dollar and Fed Rate Expectations Boost Bullion Demand 
Asian Markets Slip as AI Earnings Season Looms, Oil Prices Fall Ahead of Key Fed Signals 
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share 
South Korea’s KOSPI Plunges as Samsung, AI Chip Stocks Trigger Market Sell-Off 
Japan Defense Stocks Rally on Report of New Defense Ministry Bureau for Global Cooperation 
Russia Stocks End Flat at Three-Year Low as MOEX Index Stalls, Gold Prices Climb 
Consumer prices in Switzerland witnessed decline during the month of August, largely in line with what markets had earlier anticipated.
Swiss consumer prices slid 0.1 percent year-on-year in August, slightly slower than the 0.2 percent decrease seen in July. The annual pace of decline matched economists' expectations, data released by the Federal Statistical Office showed Tuesday.
A similar pace of slower decrease was last seen in November 2014. Prices have been falling since late 2014. Consumer prices dropped 0.1 percent as expected in August from the prior month, when it declined 0.4 percent.
Further, this is up from a 0.5 percent drop in July and the first non-negative reading since the Swiss National Bank scrapped its currency cap in January 2015. However, the national reading is still negative, just, but only at -0.1 percent on the month and year, the least negative reading since November 2014.
Meanwhile, USD/CHF is marginally lower in today’s trading, having established a consolidation phase over the past week. The pair is currently at about the midpoint of the range at 0.9788, down 0.09 percent from Monday’s levels.
