The market this week ushered in the decision-making meetings of the world’s major central banks, among which the US Federal Reserve (Fed) is the most watched.US dollar indexOn Monday (19th), the trend was volatile, and worries regarding sharp interest rate hikes once drove thebitcoinBelow $19,000.
ICE, which tracks the dollar once morest six major currencies, is late in New York US dollar index (DXY) fell 0.19% to 109.55.DXY It rose above 110 at one point and has risen nearly 15% so far this year, on track for its best annual performance in 38 years.
Markets were generally thin as markets in the UK and Japan were closed on Monday. Global equities are on a tight leash, while the dollar remains solid on expectations the Fed will maintain aggressive tightening until next year.
Fed funds futures markets are pricing in an 81 percent chance of a three-yard hike this week and a 19 percent chance of a four-yard hike, Refinitiv data showed.
Amo Sahota, executive director of Klarity FX, said: “Is the dollar going to strengthen further ahead of the FOMC meeting? I think the market will pull back a bit here and do some consolidation.”
In addition to the Japanese and British stocks on Monday, global markets have ushered in several holidays this week. Australian stocks will be closed for one day on Thursday, and Japanese stocks will be closed once more on Friday due to Respect for the Aged Day, which may reduce market liquidity and cause price volatility. .
other currencies,EURAgainst the dollar, edged up 0.1% to $1.0025,GBPIt also edged up 0.1 percent to $1.1429, still hovering near a 37-year low.
source of stringIt fell 0.47% to 0.5957 to the dollar, following hitting its lowest level since May 2020 during the session;AUDAgainst the dollar, edged up 0.13% to $0.6727;Canadian dollarIt fell to a nearly 2-year low once morest the US dollar, and rose slightly in late trading at 1.3251 Canadian dollar。
JPYAgainst the dollar edged down 0.2% to 143.18 JPYofficials made tough rhetoric of currency intervention, makingJPYContinue to hover around the 145 resistance point.
The Bank of Japan will announce its interest rate decision on Thursday. The market is widely expected to maintain an ultra-loose monetary policy. However, given that the Bank of Japan has recently withdrawn its argument that “inflation rise is only a temporary phenomenon”, the policy turning point may come sooner than originally expected.
RMBIt closed at a fresh 26-month low on Monday and broke the key psychological level of 7.
Jitters over rising interest rates hitcryptocurrency，bitcoinIt fell below the $19,000 barrier to a 3-month low on Monday and recovered slightly to $19,498 by press time;etherBouncing off a 2-month low, it rose 3 percent to $1,371.
As of Tuesday (20th) Taiwan time regarding 6:00 Price:
- US dollar indexReported at 109.5925. -0.0704%
- EURExchange rate once morest the US dollar (EUR/USD) at 1 EURAgainst $1.0025. +0.0999%
- GBPExchange rate once morest the US dollar (GBP/USD) at 1 GBPAgainst $1.1432. +0.1138%
- AUDExchange rate once morest the US dollar (AUD/USD) at 1 AUDAgainst 0.6727 yuan. +0.1340%
- dollar once morestCanadian Dollars (USD/CAD) exchange rate at 1.3248 per US dollar Canadian Dollars。-0.1056%
- dollar once morestJPY (USD/JPY) exchange rate at 143.21 US dollar JPY。+0.2099%