After the U.S. reported a larger-than-expected decline in initial jobless claims last week,dollar indexIt rose on Wednesday (22nd), continuing the trend of the previous day and rebounding from a two-and-a-half-month low.
In late New York trading, ICE tracks the dollar against six major currencies. dollar index (DXY) rose 0.32% to 103.89.
The U.S. Department of Labor pointed out that in the week ended November 18, the number of initial jobless claims fell by 24,000 to a seasonally adjusted 209,000, the lowest level in more than a month and lower than economists polled by Reuters Expected 226,000.
On the other hand, U.S. durable goods orders fell more than expected in October as strike action by the United Auto Workers union (UAW) led to a decline in auto and parts orders.
Karl Schamotta, chief market strategist at Corpay, said: “The job market is not cooling as fast as the market or the Fed expected. At the same time, the fact that capital spending has slowed indicates that the underlying momentum in the economy has faded, which is generally Still consistent with the soft landing thesis, but the labor market is more resilient than expected.”
dollar indexOn Tuesday (21st) it fell to the lowest level since August 31st, and stabilized with the release of the Fed meeting minutes. The Fed noted that officials believe inflation remains well above target, but said further interest rate increases would only be needed if the latest data showed insufficient progress in containing price pressures.
CME Group’s FedWatch tool shows that the market has almost ruled out the possibility of the Fed raising interest rates in December, and believes that the chance of a rate cut in May is more than 50%.
U.S. consumer inflation expectations rose for the second consecutive month in November, the University of Michigan Consumer Sentiment Survey showed.
EURContinuing yesterday’s decline, it fell 0.22% to $1.0887. European Central Bank (ECB) official Mario Centeno predicted that overall economic conditions will cause the central bank’s interest rate hike cycle to reverse soon. ECB Board Member Joachim Nagel also said,EURRegional interest rates are approaching, or have already reached, current cycle highs.
JPYIt fell 0.8% against the dollar to 149.59 JPYagainst 1 US dollar.
GBPfell 0.35% to $1.2495. UK Chancellor of the Exchequer Jeremy Hunt announced tax cuts, estimated to affect 27 million workers, while providing permanent investment incentives for businesses to boost the economy.
Binance agreed to pay a $4.3 billion fine, reached a settlement with the U.S. Department of Justice, and CEO Changpeng Zhao pleaded guilty to criminal charges of violating U.S. anti-money laundering laws.cryptocurrencyThe exchange’s investigation has also come to an end.
BitcoinAfter falling yesterday, it rose 2.23% to $37,781 today.Binance CoinIt fell 2.5% to $237.33. Since Changpeng Zhao stepped down, investors have withdrawn approximately $956 million from Binance in the past 24 hours.
As of approximately 6:00 Taiwan time on Thursday (23rd), price:
- dollar indexReport 103.8795. +0.2638%
- EURExchange rate quote against the US dollar (EUR/USD) 1 EURAgainst US$1.0889. -0.2016%
- GBPExchange rate quote against the US dollar (GBP/USD) 1 GBPagainst US$1.2496. -0.3270%
- Australian dollarExchange rate quote against the US dollar (AUD/USD) 1 Australian dollaragainst USD 0.6542. -0.2135%
- USD vs.Canadian Dollars (USD/CAD) exchange rate is quoted at 1.3688 per US dollar Canadian Dollars。-0.0876%
- USD vs.JPY (USD/JPY) exchange rate was quoted at 149.60 per U.S. dollar JPY。+0.8154%
2023-11-22 22:07:20
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