The latest U.S. data showed economic growth maintaining a solid pace, supporting expectations for the Federal Reserve to maintain a hawkish stance for a longer period of time and drivingdollar indexrebound,EURIt ends its six-session winning streak.
In late New York trading on Thursday (26th), ICE, which tracks the U.S. dollar once morest six major currencies, dollar index (DXY) rose 0.15 percent to 101.80.
According to data from the Department of Commerce, the gross domestic product (GDP) of the United States grew at an annual rate of 2.9% in the fourth quarter, which was lower than the 3.2% in the third quarter, but better than the 2.6% expected by Archyde.com. In the midst of high inflation and high interest rates Under such circumstances, the U.S. economy continued to grow steadily.
Another data released on the same day pointed out that as of the week of January 21, the number of initial claims for unemployment benefits in the United States decreased by 6,000 to 186,000, far below market expectations. untie.
Stuart Cole, chief managing economist at Equiti Capital, said: “The picture in the U.S. data is a bit mixed. On the one hand, it shows that the U.S. economy remains resilient in the face of the monetary tightening policy implemented by the Fed so far. On the other hand, inventories are at this level. The growth story is a big contributor, but that component is set to weaken this year, reinforcing expectations for the Fed to shift to a quarter-point rate hike.”
EURThe dollar fell 0.2 percent to $1.08919, halting its six-day winning streak;JPYUp 0.48% to 130.21 JPY。
Markets turned their attention to next week’s meetings of major central banks, including the Federal Reserve and the European Central Bank (ECB). Traders widely expect the Fed to raise interest rates by 1 yard next week, down from 2 yards in December, while the European Central Bank all but promised to raise rates by 2 yards.
GBPAgainst the dollar, it was little changed on Thursday, inching up 0.04 percent to $1.2406, although traders worried that the Bank of England (BOE) would struggle to rein in inflation without hurting the economy.GBPStill on track to end the week slightly higher.
Australian dollarIt rose nearly 0.2 percent to $0.7114, with expectations for further rate hikes by the RBA following data showed that inflation in Australia climbed to a 33-year high in the fourth quarter.Australian dollarpushed to a seven-month high,
Canadian DollarsAgainst the dollar rose nearly 0.5% to 1.3321 on Thursday Canadian dollarAgainst the US dollar, it was the highest in nearly two months. The Bank of Canada raised interest rates a few days ago, as expected, and at the same time sent a signal that the cycle of rate hikes is coming to an end.
cryptocurrencyThe trend has not changed much.bitcoinInched down 0.3 percent to $23,005,EthereumIt inched up 0.3 percent to $1,602.
As of Friday (27th) around 8:00 Taiwan time Price:
- dollar indexCall 101.7444. -0.0753%
- EURExchange rate once morest US dollar (EUR/USD) 1 EURAgainst $1.0894. +0.0753%
- GBPExchange rate once morest USD (GBP/USD) 1 GBPAgainst $1.2416. +0.0483%
- Australian dollarExchange rate once morest U.S. dollar (AUD/USD) 1 Australian dollarAgainst $0.7117. +0.0422%
- US dollar once morestCanadian Dollars (USD/CAD) exchange rate quoted 1 US dollar to 1.3324 Canadian Dollars。+0.0375%
- US dollar once morestJPY (USD/JPY) exchange rate quoted 1 US dollar to 129.74 JPY。-0.3227%
