When the major U.S. stock indexes collectively closed in black,dollar indexThe trend was flat on Tuesday (6th) and rose slightly in late trading, as investors tried to prepare for the Federal Reserve (Fed) to raise interest rates next week.
ICE, which tracks the dollar once morest six major currencies, in late U.S. trade dollar index (DXY) rose 0.28 percent to 105.58.dollar indexIt is still up regarding 10% so far this year.
The United States recently announced an unexpected pick-up in service industry activity in November, triggering market speculation on a higher interest rate hike by the Fed. Traders currently expect the Fed to raise interest rates by two yards next week, and the end-point rate in May next year is expected to be slightly above 5%.
Marc Chandler, chief market strategist at Bannockburn Global Forex, said there aren’t many new stimuli in the market, and he believes the main focus will be next week’s Fed meeting.
The presidents of Wall Street investment banks successively expressed their pessimistic views on the economic outlook, which dragged down US stocks on Tuesday.S&P 500 IndexFalling for four consecutive trading days,Dow JonesCollect black 350 points,That fingerThen collapse 2%.
The dollar may be benefiting from bearish sentiment in equities, as it tends to be supported by risk-off environments, Chandler said.
EURIt fell slightly by 0.2% to $1.0468, extending yesterday’s decline.EURDistrict government bond yields fell for the first time in three days.
European Central Bank (ECB) Governing Council member Constantinos Herodotou said that even if the current interest rate is quite close to the neutral level, the central bank will continue to raise interest rates in the future. He did not disclose his attitude towards raising interest rates at the last meeting of the year, emphasizing only that economic data is the key.
European Central Bank chief economist Philip Lane also believes that,EURRegional inflation may be nearing its peak, but more rate hikes are needed to help keep price pressures down.
Australian dollarIt fell for three consecutive sessions, down 0.11% to $0.6687. After the Reserve Bank of Australia announced its interest rate decision,Australian dollarInitially climbed higher.
The Reserve Bank of Australia (RBA) recently announced that it would raise interest rates by one yard, raising interest rates to the highest level since November 2012. As inflation remains high, the central bank expects to further tighten policy in the coming period, but it will not follow the original setting The rate and timing of future interest rate hikes will continue to depend on economic data.
On the eve of the Bank of Canada’s interest rate decision, the dollarCanadian dollarUp 0.5% to 1.3656 Canadian dollar。
Traders expect a 73.3 percent chance the Bank of Canada will raise interest rates by a quarter on Wednesday (7th), but economists polled by Archyde.com have a slight advantage in expecting a hike of two yards.
In terms of other major currencies,GBPThe dollar fell nearly 0.5 percent to $1.2129, with the dollarJPYUp 0.2% to 137.04 JPY。
As of regarding 6:00 on Wednesday (7th) Taiwan time Price:
- dollar indexCall 105.5812. +0.2923%
- EURExchange rate once morest US dollar (EUR/USD) 1 EURAgainst $1.0466. -0.2383%
- GBPExchange rate once morest USD (GBP/USD) 1 GBPAgainst 1.2128 yuan. -0.5494%
- Australian dollarExchange rate once morest U.S. dollar (AUD/USD) 1 Australian dollarAgainst 0.6685 yuan. -0.1792%
- US dollar once morestCanadian Dollars (USD/CAD) exchange rate quoted 1 US dollar to 1.3655 Canadian Dollars。+0.5079%
- US dollar once morestJPY (USD/JPY) Exchange rate quoted 1 US dollar to 137.04 JPY。+0.2121%
