2023-10-23 22:08:05
With U.S. Treasury yields falling from above 5%,dollar indexIt fell to a new low in nearly two weeks on Monday (23rd) as traders awaited a new round of U.S. economic data to be released later this week.
In late New York trading, ICE tracks the dollar once morest six major currencies. dollar index (DXY) fell 0.52% to 105.61, the lowest since October 12.
USA 10-Year Treasury Bond YieldIt briefly rose above 5% on Monday, refreshing the 16-year high hit last week, before falling back. Traders are focusing on several major events this week, including the European Central Bank interest rate meeting, U.S. gross domestic product (GDP) data and the personal consumption expenditures price index (PCE).
Michael Brown, market analyst at Trader desire.”
Markets continue to be nervous regarding the possibility that the war between Israel and Hamas will turn into a regional conflict, but the focus on Monday remained on the 5.021% 10-year U.S. Treasury yield. before deadline,10-year U.S. Treasury yieldreported 4.853%.
“Whether it’s the sell-off in long-dated bonds, the situation in the Middle East or the resulting risk aversion, it’s definitely interesting and surprising that there’s not much demand for the dollar,” Brown said. The core economic performance of the United States continues to be better than that of G10 countries, and I am still bullish on the U.S. dollar.” He believes this week’s GDP data should prove this.
Following early October,JPYIt once fell below 150 once morest the US dollar during the session JPYmark, the decline was recovered before the deadline, rising slightly by 0.1% to 149.67 JPY once morest 1 US dollar.
Masafumi Yamamoto, chief foreign exchange strategist at Mizuho Securities, said that even if others believe that rising U.S. bond yields are the reason for the continued rise of the U.S. dollar, it seems that some investors are still betting that the Bank of Japan will step in to defend the 150 line of defense.
EURIt rose 0.7% to $1.0667, at a near one-month high. The European Central Bank will hold an interest rate meeting on Thursday (26th). A Archyde.com survey shows that even if the central bank has completed raising interest rates, it will not start easing policy until at least July 2024.
Canadian DollarsIt rose more than 0.1% once morest the dollar to 1.3686 Canadian dollar once morest 1 US dollar. The Bank of Canada is scheduled to announce its interest rate decision on Wednesday (25th). A Archyde.com survey pointed out that economists believe that the Bank of Canada may have ended the cycle of raising interest rates and will maintain interest rates at 5% for at least the next six months. However, with the economy slowing, most economists believe that a rate cut will occur in the second quarter of 2024.
cryptocurrencyaspect, because investors are interested inBitcoinFeeling optimistic regarding the possibility of spot ETF issuance,BitcoinIt rose nearly 6% to $31,603 on Monday, hitting a three-month high.
As of approximately 6:00 Taiwan time on Tuesday (24th), price:
dollar indexreported 105.61. -0.52%
EURExchange rate quote once morest the US dollar (EUR/USD) 1 EUR once morest US$1.0667. +0.69%
GBPExchange rate quote once morest the US dollar (GBP/USD) 1 GBP once morest US$1.2242. +0.69%
Australian dollarExchange rate quote once morest the US dollar (AUD/USD) 1 Australian dollar once morest USD 0.6333. +0.37% USD/USDCanadian Dollars (USD/CAD) exchange rate quoted at 1.3687 per US dollar Canadian Dollars. -0.16% USD/USDJPY (USD/JPY) exchange rate was quoted at 149.66 per U.S. dollar JPY。-0.12%
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