The U.S. consumer price index (CPI) rose sharply in May, reinforcing expectations that the Federal Reserve (Fed) will continue to raise interest rates in September.US dollar indexContinuing the strong rally, on Friday (10th), it climbed to a new high in more than three weeks, with a weekly increase of more than 2%. Under the pressure of the strong dollar, most of the G10 currencies and emerging market currencies depreciated heavily.
ICE, which tracks the dollar once morest six major currencies, is late in New York US dollar index (DXY) rose 0.94% to 104.19, the highest since May 17 and up more than 2% for the week.
The United States announced that the annual growth rate of CPI in May expanded to 8.6% from the previous month, which disillusioned some economists’ hopes that the CPI peaked in April, and brought more pressure on the Fed to raise interest rates.
The above report was released on the eve of the Fed meeting. The market expects that the Fed will raise interest rates by 2 yards for the second time next week, and then raise interest rates by the same amount in July. Since March, the cumulative rate of interest rate hikes by the Fed has reached 3 yards (75 basis points). .
Inflation is still at a 40-year high, with few signs of peaking, said John Doyle, vice president of trading at Monex USA. Expectations that the Fed might find room to raise interest rates further led stocks to extend losses, while the dollar was supported by interest rate differentials and safe-haven trades, he said.
As inflation data dented investors’ risk appetite,AUDIt was down 0.64% at $0.7051, a two-week low.
GBPIt slumped 1.46 percent to $1.2314 once morest the dollar, leading losses among G10 currencies and the lowest in three weeks, as investors were also uneasy regarding the gloomy economic outlook, as well as reflecting traders’ bets that Britain would lag global central banks in raising interest rates.EURAgainst the greenback, it slipped 0.99% to $1.0515.
dollar once morestSwiss FrancIt rose 0.77% to 0.9873 Swiss franc. The U.S. Treasury Department released a currency report on Friday, warning that Switzerland met three criteria for a currency manipulator, but did not include it on the list.
As the wind vane of risk sentiment in developing countries,South African coinThe exchange rate depreciated by 2.2%, the largest decline in a month, and was quoted at 15.8422 rand to the US dollar before the deadline, and the Brazilian real also depreciated 1.6% to 4.99 real to the US dollar.
cryptocurrencyaspect,bitcoinDown 2.86% to $29,189.7, following falling below the $30,000 barrier,bitcoinContinued to struggle with selling pressure.
etherfell 6.35% to $1,675.4,etherIt hovered around $2,000 in the middle of last month, and it started to slump at the end of the month.
As of Saturday (11th) Taiwan time regarding 6:00 Price:
- US dollar indexReport 104.2041. +0.8681%
- EURExchange rate once morest the US dollar (EUR/USD) at 1 EURAgainst $1.0515. -0.9607%
- GBPExchange rate once morest the US dollar (GBP/USD) at 1 GBPAgainst $1.2314. -1.4407%
- AUDExchange rate once morest the US dollar (AUD/USD) at 1 AUDAgainst $0.7051. -0.6342%
- dollar once morestCanadian Dollars (USD/CAD) exchange rate at 1.2784 per US dollar Canadian Dollars。+0.6852%
- dollar once morestJapanese Yen (USD/JPY) exchange rate at 134.42 USD Japanese Yen。+0.0298%
