The U.S. dollar strengthened once morest a basket of major currencies on Monday following Federal Reserve Chairman Jerome Powell said earlier that he is ready to increase the pace of interest rate hikes if necessary to combat high inflation The door is open to action that would take a more aggressive monetary policy.
ICE, which tracks the dollar once morest a basket of major currencies, late in New York US dollar index (DXY) rose 0.25% to 98.48.
Concerned regarding the impact of the Russian-Ukrainian conflict on the U.S. economy, Atlanta Fed President Raphael Bostic expects six rate hikes this year and two next year, a more dovish tone than other Fed officials.
The dollar weakened slightly following Bostic’s remarks, but was short-term higher following Fed Chairman Jerome Powell said tougher action once morest inflation might be taken if necessary.
“Bauer keeps stressing that keeping inflation down is something that must be done no matter what, but the market still expects them to only have every single time,” said Sameer Samana, senior global market strategist at Wells Fargo Investment Institute. One rate hike.”
Commodity prices have risen sharply in the past month, putting upward pressure on inflation and causing market volatility. Since the Fed announced a rate hike last week, investors are now more concerned regarding the potential speed of future rate hikes and the scale of policy tightening. .
risk sensitiveAUDflat,AUDAgainst the US dollar maintained at $0.7400,New Zealand dollarIt edged up 0.01% to $0.6884 once morest the dollar.
EURIt was up 0.1% at $1.1025 once morest the dollar. European Central Bank (ECB) President Christine Lagarde (Christine Lagarde) said on Monday that the Fed and ECB monetary policy will not be synchronized, citing the Russian-Ukrainian war on the different economies.
Lagarde admits Russia-Ukrainian war will be a hit as inflation accelerates and market confidence hurtsEURsignificant impact on regional economic growth, but she also downplayed market concernsEURThe region is mired in fears of stagnant inflation, saying it doesn’t see any triggers at the moment.
Due to the divergence of monetary policy between the United States and Japan,Japanese YenStill near six-year lows once morest the U.S. dollarJapanese YenAlmost unchanged at 119.47 per dollar Japanese Yen。
GBPIt was almost flat once morest the dollar at $1.3164.
As of Tuesday (22nd) Taiwan time regarding 6:00 Price:
- US dollar indexReported 98.4763. +0.25%
- EURExchange rate once morest the US dollar (EUR/USD) at 1 EURAgainst $1.1018. +0.04%
- GBPExchange rate once morest the US dollar (GBP/USD) at 1 GBPAgainst $1.3163. -0.0076%
- AUDExchange rate once morest the US dollar (AUD/USD) at 1 AUDAgainst $0.7398. +0.0270%
- dollar once morestCanadian Dollars (USD/CAD) exchange rate at 1.2593 per US dollar Canadian Dollars。+0.0318%
- dollar once morestJapanese Yen (USD/JPY) exchange rate is quoted at 119.47 US dollars Japanese Yen。+0.0167%
