Boosted by a jump in U.S. bond yields and the Bank of Japan’s reaffirmation that it will continue to maintain an ultra-loose monetary policy, the U.S. dollarJPYWednesday (28th) hit a one-week high.
ICE, which tracks the dollar once morest six major currencies, in late U.S. trade dollar index (DXY) rose 0.34 percent to 104.53. before the deadline,10-Year U.S. Treasury YieldIt rose to 3.883%, the highest since mid-November.
US dollar once morestJPYAppreciated 0.7% to 134.45 JPYthe highest since Dec. 20, when the Bank of Japan (BOJ) unexpectedly raised 10-Year Treasury Bond Yieldcap, making the dollarJPYIt was the biggest one-day drop in 24 years, a move that sparked speculation that the Bank of Japan would eventually withdraw its stimulus measures.
However, according to the latest meeting minutes released by the Bank of Japan on Wednesday, policymakers denied that adjusting the yield ceiling represented a change in the policy trajectory, and reiterated that they would continue to maintain ultra-loose monetary policy.JPYgo demoted.
Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets, said: “If Japanese government bond yields remain stable, the Bank of Japan may not face any further pressure to ‘take further action’. They can continue to reiterate what they said at the press conference: Small technical adjustments, we’ve done that before.”
The event that disturbed market sentiment in the last week of this year was China’s rapid removal of the zero-zero policy that has severely suppressed its economic development for nearly three years. As consumers and businesses slowly return to normal, they also have to deal with the impact of a surge in infection numbers.
offshoreRMBAgainst the dollar fell 0.5% to 6.9986 on Wednesday RMBAgainst 1 dollar.
Commodity Currency Section,Australian dollarIt edged up 0.1 percent to $0.6738, paring earlier gains.source of stringIt rose more than 0.5 percent to $0.6311.
Brad Bechtel, head of global foreign exchange at Jefferies, believes that commodity currencies have only responded to the recent trend in oil prices, and that’s it, but there may be room to strengthen.
EURIt fell nearly 0.3 percent to $1.0610, since European Central Bank (ECB) President Christine Lagarde (Christine Lagarde) emphasized the need to continue to raise interest rates.EURIt has held steady near six-month highs in recent weeks.
After returning to trading following the Christmas break,GBPIt rose more than 0.8% once morest the US dollar at the intraday high, then retreated, and fell slightly by 0.05% to US$1.2017 before the time of writing.
As of regarding 6:00 Taiwan time on Thursday (29th) Price:
- dollar indexCall 104.5292. +0.3203%
- EURExchange rate once morest US dollar (EUR/USD) 1 EURAgainst $1.0611. -0.2726%
- GBPExchange rate once morest USD (GBP/USD) 1 GBPAgainst 1.2018 yuan. -0.0914%
- Australian dollarExchange rate once morest U.S. dollar (AUD/USD) 1 Australian dollarAgainst 0.6736 yuan. +0.0297%
- US dollar once morestCanadian Dollars (USD/CAD) exchange rate quoted 1 US dollar to 1.3608 Canadian Dollars。+0.6360%
- US dollar once morestJPY (USD/JPY) exchange rate quoted 1 US dollar to 134.45 JPY。+0.7116%
