The United States announced that the consumer price index (CPI) growth in April fell from the previous month, but it was still at a multi-year high.US dollar indexWednesday (11th) rose slightly,cryptocurrencyThe market continues to fluctuate,bitcoinIt fell below the 30,000 mark for the second time this week, and the stablecoin TerraUSD once plummeted by more than 70%.
ICE, which tracks the dollar once morest six major currencies, is late in New York US dollar index (DXY) rose 0.08% to 104.00. The U.S. dollar strengthened during the session following announcing the CPI, reaching as high as 104.11, and then reversed downward to as low as 103.37.
The US Labor Department announced that CPI rose 0.3% in April, the smallest increase since August last year, and an annual increase of 8.3%, higher than market expectations, but lower than the 8.5% in the previous month.
Karl Schamotta, chief market strategist at Cambridge Global Payments, said: “There is always hope, and even if it seems unlikely, the market is right to think that inflation pressures are ultimately temporary, and we should see them in the coming months. Supply chain and demand issues are alleviated.”
Atlanta Fed President Raphael Bostic on Wednesday expressed support for Jerome Powell’s stance on raising interest rates by 2 yards each in June and July. He believes the Fed will certainly move rates to a neutral level, but would support further action if inflation is too high to get back to the central bank’s 2 percent target.
Investors are still assessing the central bank’s aggressiveness to tighten policy following the Federal Reserve last week raised interest rates by the most in 22 years, with markets expecting the Fed to raise rates at least 2 percent at its June meeting, according to a CME Group FedWatch tool. code.
After the CPI, investors will also pay attention to the producer price index (PPI) released by US stocks before the market on Thursday (12th). The market expects that PPI growth in April will slow down from the previous month, with the monthly growth rate dropping to 0.5% from 1.4% in March, and the annual growth rate dropping to 10.7% from 11.2%.
European Central Bank (ECB) firm expectations for July rate hike driveEURStrong intraday, weak follow-up late. Before the deadline,EURIt fell 0.15% to $1.0512 once morest the greenback.
U.S. dollar boosted by Fed rate hikes and dented Hong Kong assets’ attractiveness,Hong Kong dollarAgainst the dollar, it fell to the bottom of the trading range allowed by the authorities at 7.85 Hong Kong dollarfor the first time in 3 years, the Hong Kong Monetary Authority also bought in the early morning of Thursday (12th) local timeHong Kong dollarto defend the exchange rate.
dollar once morestJapanese Yendown 0.36% to 129.94 Japanese Yen，GBPAgainst the dollar, it was down 0.52% at $1.2250.
As the stock market fell,bitcoinIt fell below the 30,000 level for the second time this week and fell 7.8% to $28,564.4 by press time, the lowest since January last year.etherIt fell nearly 10 percent to $2,054.4.
AscendEx partner Michael Rinko said,cryptocurrencyThe market has been under pressure for some time, the Fed continues to raise interest rates, so the stock market continues to fall,cryptocurrencyIt also fell at the same time, which caused fear in the market.
TerraUSD, a stablecoin pegged to the U.S. dollar, plummeted to as low as $0.23 as investorscryptocurrencyA safe haven in times of market turmoil, the decoupling of TerraUSD from the U.S. dollar has sparked market panic.
TerraUSD was still down 12% at the time of writing, at $0.7185.
As of Thursday (12th) Taiwan time regarding 6:00 Price:
- US dollar indexReport 103.9898. +0.0499%
- EURExchange rate once morest the US dollar (EUR/USD) at 1 EURAgainst $1.0515. -0.1330%
- GBPExchange rate once morest the US dollar (GBP/USD) at 1 GBPAgainst $1.2248. -0.5279%
- AUDExchange rate once morest the US dollar (AUD/USD) at 1 AUDAgainst $0.6939. +0.0433%
- dollar once morestCanadian Dollars (USD/CAD) exchange rate at 1.2988 per US dollar Canadian Dollars。-0.2764%
- dollar once morestJapanese Yen (USD/JPY) exchange rate quoted at 129.95 USD Japanese Yen。-0.3527%
