dollar indexWeakened on Monday (16th). With several Federal Reserve officials including Jerome Powell set to speak this week, the market will be closely watching for further clues on interest rate policy, as well as the situation in the Middle East.
In late New York trading, ICE tracks the dollar against six major currencies. dollar index (DXY) fell 0.42% to 106.20.
Edward Moya, senior market analyst at Oanda, said markets will be watching whether the economy accelerates again next year and whether that will exacerbate inflationary pressures. “The market is increasingly convinced that the Fed is done raising interest rates, but we have to see whether geopolitical risks… the global energy crisis will complicate inflation through the winter.”
As the Fed is about to enter the silent period before the meeting on October 21, many officials will speak this week, including Fed Chairman Jerome Powell.
Chicago Fed President Austan Goolsbee said that a series of recent economic data showed continued pressure on some prices, but it is undeniable that the slowdown in U.S. inflation is a trend, not a temporary phenomenon.
CME Group’s FedWatch tool shows that federal funds futures traders estimate a 33% chance that the Fed will raise interest rates again this year.
Bank of America (BofA) analysts Athanasios Vamvakidis and Michalis Rousakis pointed out last week that investors have been selling the dollar on rallies in recent weeks and appear to be skeptical of the dollar.
After falling to its lowest level since December last week,EURIt rose more than 0.5% to $1.0559 on Monday.GBPIt rose more than 0.6% to $1.2213.
Uneasiness about the war between Israel and Hamas caused the Israeli shekel to continue to weaken, once touching the psychological level of 4 shekels per dollar for the first time since 2015. Israeli forces continued bombing Gaza on Monday after denying a ceasefire.
The Bank of Israel said last week that it would sell up to $30 billion in foreign currency on the open market to maintain exchange rate stability and provide necessary liquidity for market operations.
USD vs.JPYFlat at 149.51 JPY, and continues to hover near the 150 level.Some traders believe that onceJPYIf this level is broken, the possibility of intervention by the Japanese authorities will increase.
Masato Kanda, Japan’s deputy finance minister in charge of foreign exchange affairs, said last week that inJPYIn the context of excessive volatility, the authorities will take appropriate action when necessary. He added that interest rates are only one factor that determines exchange rates.
New Zealand dollarIt rose 0.7% to $0.5923, recovering some of last week’s losses. As the New Zealand parliamentary election comes to an end, the center-right National Party (National Party) and the New Zealand Action Party (ACT New Zealand) will jointly form a new government.
The Polish currency once rose to 4.2068 zlotys per US dollar, the highest since September 6. The pro-EU liberal opposition is expected to form the next government on Monday after some official results and exit polls showed the ruling Law and Justice party lost its parliamentary majority.
As of approximately 6:00 Taiwan time on Tuesday (17th), price:
dollar indexReported on 106.1999. -0.4698%
EURExchange rate quote against the US dollar (EUR/USD) 1 EURAgainst USD 1.0560. +0.5331%
GBPExchange rate quote against the US dollar (GBP/USD) 1 GBPagainst US$1.2214. +0.6261%
Australian dollarExchange rate quote against the US dollar (AUD/USD) 1 Australian dollaragainst USD 0.6341. +0.7467% USD/USDCanadian Dollars (USD/CAD) exchange rate is quoted at 1.3608 per US dollar Canadian Dollars. -0.3442% USD/USDJPY (USD/JPY) exchange rate was quoted at 149.51 per U.S. dollar JPY。+0.0000%
2023-10-16 22:14:07
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