DollarAgainst a basket of major currencies on Wednesday (2nd), it hit a new high in nearly two years and fell 0.07% in late trading, as investors expected that the intensified conflict between Russia and Ukraine would continue to push up commodity prices.AUD、New Zealand dollarandCanadian Dollarsgo stronger.
late New York,DollarICE once morest a basket of major currencies DollarThe index (DXY) edged down 0.06% to 97.35, with an intraday high of 97.83, the highest since June 2020, and a low of 97.29.
Federal Reserve Chairman Jerome Powell said on Wednesday that even if the outbreak of the Russia-Ukrainian conflict creates a high degree of uncertainty regarding the outlook, he will move forward with a plan to raise interest rates this month in order to curb inflation.
Bipan Rai, head of FX strategy for North America at CIBC Capital Markets, said that judging from Powell’s testimony, it was broadly in line with his view that the Fed will raise rates at its next meeting.
In terms of economic data, the US ADP added 475,000 new jobs in February, which was better than expected. The data in January was also revised up sharply under the accelerated pace of labor market recovery.
EUR once morestDollarThe intraday low hit 1.1058 Dollara new low since May 2020, the decline converged in late trading, down 0.05% to 1.1120 Dollar。
Shaun Osborne, chief foreign exchange strategist at Scotia Bank, said the development of the Russia-Ukraine war is stillEURThe main driver of exchange rate movements, the conflict continues to escalate, the next few daysEURChance to pull back to test 1.10 Dollar。
Western sanctions once morest Russia have disrupted Russia’s commodity exports and pushed commodity costs to multi-year highs.AUD once morestDollarup 0.64% to 0.7295 Dollar，New Zealand dollar once morestDollarup 0.5% to 0.6789 Dollar。
Rabobank strategist Jane Foley said: “Surge in commodity prices combined with a significant improvement in Australia’s current account, we have good reason to expect that,AUD once morestDollarExchange rates will break the traditional role of risky G10 currencies. “
she thinks,AUDA chance to climb to 0.74 by the end of the year Dollar。
After the Bank of Canada announced a rate hike,Canadian DollarsContinuing earlier gains,Dollar once morestCanadian DollarsDecreased 0.82% to 1 Dollar once morest 1.2635 Canadian Dollars. The Bank of Canada raised interest rates by 25 basis points on Wednesday, the first rate hike in more than three years, and said it may continue to reinvest in its bond-buying program.
Demand for riskier currencies picks up, makingJapanese Yen、Swiss FrancUnder pressure.Dollar once morestJapanese Yenup 0.54% to 115.51 Japanese Yen，DollarAgainst the Swiss franc, it rose 0.21% to 0.9204 franc.
rubleDollarDepreciated by 4.5% to 106 rubles. The Swiss bank Raiffeisen said in a report that volatility in the ruble remained high, possibly due to instability in foreign currency sales by exporters, as well as increased pressure on market participants, especially households.
Prices as of Thursday (3rd) 6:00 Taiwan time:
