The dollar rebounded from recent losses against a basket of major currencies on Friday, but remained down 0.9 for the week after a series of hawkish comments from Federal Reserve officials said the central bank should take more aggressive steps to fight inflation %,Japanese YenIt hit a fresh six-year low against the dollar.
ICE, which tracks the dollar against a basket of major currencies, late in New York US dollar index (DXY) rose 0.26% to 98.23, the highest touched 98.62 and the lowest was 97.84, down 0.9% for the week.
St. Louis Fed President James Bullard has called for a sharp rise in the benchmark interest rate above 3 percent this year, arguing that the Fed should act aggressively to help ease the heavy burden of inflation on American households.
The Fed announced a one-yard rate hike this week, and Bullard was the only FOMC voting member to vote against it at the meeting, as he favored two rate hikes at a time.
On the same day, Fed Governor Christopher Waller also expressed support for the Fed to take more aggressive action, including one or more rate hikes by two yards, and reducing bond holdings as soon as possible.
Joe Manimbo, senior analyst at Western Union Business Solutions in Washington, pointed out that the hawkish comments from the Fed have injected momentum into the dollar, highlighting the prospect of a more hawkish central bank policy, but he also said that while the Fed has been strong this week, overall The Fed’s rate outlook remains in line with market expectations, he said.
dollar againstJapanese Yenup 0.47% to 119.14 Japanese Yen，Japanese YenThe exchange rate hit a six-year low. The Bank of Japan (BOJ) kept its ultra-loose monetary policy unchanged on Friday, as expected, as inflation in Japan remained subdued.
After investors assessed a series of developments in Russia and Ukraine,EURIt was down 0.35% against the dollar at $1.1050, up 1.25% for the week and its biggest weekly gain since the first week of February.
International oil prices continued to rise, driving up sentiment sensitive to commodity price trendsAUDandNew Zealand dollargo higher,AUDAgainst the greenback, it rose 0.5% to $0.7410, rising for four straight days.New Zealand dollarIt was up 0.38% at $0.6904 against the dollar.
USD/OffshoreRMBUp 0.08% to 6.3656 RMB. U.S. President Joe Biden and Chinese President Xi Jinping held a video call on Friday to discuss the Russia-Ukraine war and block Chinese military aid to Russia.
The Russian ruble fell 1.6 percent to 104.8 rubles per dollar. Russia’s central bank held rates at 20 percent on Friday after a major move last month to raise interest rates and said it would launch an asset-purchase program to buy federal government bonds (OFZ).
cryptocurrencyaspect,bitcoinIt was reported at $41,861, up 2.8% in 24 hours, and reached a high of more than $42,000 this week.etherAt $2,954.7, up 5.3%.
As of Saturday (19th) Taiwan time about 6:00 Price:
- US dollar indexReported at 98.166. +0.25%
- EURExchange rate against the US dollar (EUR/USD) at 1 EURAgainst $1.1050. -0.3697%
- GBPExchange rate against the US dollar (GBP/USD) at 1 GBPAgainst $1.3180. +0.2205%
- AUDExchange rate against the US dollar (AUD/USD) at 1 AUDAgainst $0.7415. +0.5560%
- dollar againstCanadian Dollars (USD/CAD) exchange rate at 1.2602 US dollar Canadian Dollars。-0.1585%
- dollar againstJapanese Yen (USD/JPY) exchange rate at 119.17 USD Japanese Yen。+0.4806%