As U.S. Treasury yields fall,US dollar indexOn Tuesday (7th), the market fell from the high point, and the market raised hopes that inflation has peaked. At the same time,Japanese YenThe exchange rate against the US dollar continued to hit a 20-year low,EUR、GBPandAUDare all higher.
In late New York trade, ICE, which tracks the dollar against six major currencies US dollar index (DXY) fell 0.10% to 102.33.
Target(TGT-US) on Tuesday lowered its profit forecast for the current quarter, and will clear excess inventory through order cancellations or deep discounts, warning that the company’s profits may be suppressed in the short term, and some investors see Target’s profit warning as price pressure may begin to ease signs.
Expectations that easing inflation is expected to make the central bank slow down the pace of interest rate hikes have driven U.S. bond yields down from more than three-week highs.10-Year U.S. Treasury Yieldreported 2.983%.
Thomas Martin, senior portfolio manager at Globalt Investments, said: “The Fed will do what it says, the market is pricing in it, and even then you start to have the idea that inflation may have peaked and started Down.” The United States will release the latest CPI inflation data on Friday (10th).
EURAgainst the greenback, it was up 0.12% at $1.0707.The European Central Bank (ECB) will announce the latest interest rate decision on Thursday (9th). The market expects that the ECB will announce the end of the bond purchase program.EURThe exchange rate matters.
Under the divergence of policy paths between the United States and Japan,Japanese YenContinued weakness against the dollar, depreciating 0.54% to 132.6 Japanese Yenagainst 1 dollar.Bank of Japan Governor Haruhiko Kuroda reiterated that ifJapanese YenThe trend is not too drastic, weakJapanese Yenwill help the Japanese economy.
GBPIt rose 0.45% to $1.2587 against the dollar, boosted by British Prime Minister Boris Johnson’s narrow victory in a no-confidence vote by Conservative MPs yesterday.GBPrebounded from a 3-week low.
After the central bank unexpectedly raised interest rates by 2 yards,AUDIt was higher against the dollar, up 0.52% to $0.7229 by press time.
To curb inflation, the Reserve Bank of Australia (RBA) announced it would raise the cash rate by 50 basis points to 0.85%, the largest increase in 22 years, and warned that inflation would be higher than the 6% expected in May.
Analysts at Wells Fargo expect the RBA to hike rates by another 50 basis points in July, before resuming a 25 basis point hike in August, November and December, bringing the cash rate to 2.1% by year-end. However, considering that the policy path is still lagging behind the Fed, in the medium term,AUDIt will remain weaker against the dollar.
As of Wednesday (8th) Taiwan time about 6:00 Price:
- US dollar indexReport 102.3294. -0.0745%
- EURExchange rate against the US dollar (EUR/USD) at 1 EURAgainst $1.0706. +0.1122%
- GBPExchange rate against the US dollar (GBP/USD) at 1 GBPAgainst $1.2586. +0.4469%
- AUDExchange rate against the US dollar (AUD/USD) at 1 AUDAgainst $0.7231. +0.5423%
- dollar againstCanadian Dollars (USD/CAD) exchange rate at 1.2530 per US dollar Canadian Dollars。-0.3737%
- dollar againstJapanese Yen (USD/JPY) exchange rate is quoted at 132.60 US dollars Japanese Yen。+0.5307%