Hawkish comments from Federal Reserve officials and strong economic data reinforced investors’ expectations that the central bank would keep its policy stance unchanged,US dollar indexWednesday (5th) rebounded sharply from the recent decline,EURandGBPBoth fall back,GBPAnd snapped its longest rally in more than a year.
ICE, which tracks the dollar once morest six major currencies, is late in New York US dollar index (DXY) rose 1.04 percent to 111.21.
GBPAfter rising for six consecutive trading days, it once fell more than 2% in this session, and fell 1.3% to $1.1325 by the time of writing. Prime Minister Liz Truss promised earlier at the Conservative Party’s annual meeting that he would control the country’s finances with an iron fist, while cutting debt as a share of national income.
EURAfter surging 1.7% yesterday (4th), it fell 1% to $0.9883 today, the largest one-day drop in the past two weeks.
Market expectations for the Fed to slow down its rate hike efforts have supported most major currencies higher and weighed on the dollar in recent days.
Marc Chandler, chief global FX market strategist at Bannockburn, said:EUR、GBPWith good trading conditions and a higher stock market, risk sentiment prevails in the market, but he believes that this is just investors exploring the trading range, and most importantly, the rebound in risk assets is not caused by a change in the Fed’s attitude.
Fed’s new director Jefferson (Philip Jefferson) recently reiterated that inflation is the central bank’s primary concern, it may take some time to bring down inflation, and economic growth may be dragged down. San Francisco Fed President Mary Daly also said today that the central bank must see signs of a clear pullback in core inflation before slowing the pace of interest rate hikes.
Strong economic data also appeared to dispel speculation regarding a Fed policy shift. The US ADP added 208,000 jobs in September, higher than market consensus, and the ISM non-manufacturing index was also slightly higher than expected.
Investors will next look to Friday’s nonfarm payrolls report for clues regarding the Fed’s policy trajectory.
JPYDown 0.25% once morest the dollar at 144.58 JPYoffshoreRMBDown 0.52% once morest the dollar to 7.0677 RMB。
After New Zealand’s central bank raised interest rates by 2 yards for the fifth time in a row, and hinted that it will continue to raise interest rates,source of stringIt rose above $0.58 at one point, the highest since Sept. 23, and was up 0.23% at $0.5738 by press time.AUDAgainst the greenback, it edged down 0.2% to $0.6487.
As of Thursday (6th) Taiwan time regarding 6:00 Price:
- US dollar indexReported at 111.2047. +0.9011%
- EURExchange rate once morest the US dollar (EUR/USD) at 1 EURAgainst $0.9882. -1.0117%
- GBPExchange rate once morest the US dollar (GBP/USD) at 1 GBPAgainst $1.1322. -1.2989%
- AUDExchange rate once morest the US dollar (AUD/USD) at 1 AUDAgainst 0.6489 yuan. -0.1692%
- dollar once morestCanadian Dollars (USD/CAD) exchange rate at 1.3613 per US dollar Canadian Dollars。+0.7699%
- dollar once morestJPY (USD/JPY) exchange rate at 144.60 USD JPY。+0.2635%