Worries about global growth prospects and soaring inflation have led to a sharp sell-off in U.S. stocks, and risk sentiment has cooled again.US dollar indexRebounded on Wednesday (18th), halting the 3-day decline in a row, the risky currency retreated after a sharp rise yesterday.EUR、AUDandGBPAll depreciated.
ICE, which tracks the dollar against six major currencies, is late in New York US dollar index (DXY) rose 0.54% to 103.92, snapping its longest losing streak since mid-March.
“As you can imagine, yesterday’s risk rally appeared to be temporary, with a re-emergence of safe-haven demand for the dollar, but U.S. Treasuries have yet to find a buy, even with a shaky market sentiment,” said Michael Brown, director of market information at Caxton.
Brown also said that, in theory,US dollar indexA successful hold above previous support at 103.20 is good news for the bulls, which, combined with a persistently subdued economic backdrop, should help the dollar hold steady for now.
Federal Reserve Chairman Jerome Powell pledged on Tuesday to raise interest rates above neutral if necessary to stem a surge in inflation. The federal funds rate is widely expected to hit around 3.5% by mid-2023.
“It’s a strong reminder to investors that the Fed is going to raise rates, and probably very quickly,” said Jane Foley, head of foreign exchange at Rabobank. She added that the hawkish Fed was a sign that market sentiment was stronger than it was yesterday. more fragile reasons.
EURAgainst the greenback, it fell from a one-week high, down 0.84% to $1.0461. Dutch central bank President Klaas Knot said the day before that once inflation expands, the European Central Bank (ECB) may raise interest rates by 2 yards in July.
Commerzbank analyst Ulrich Leuchtmann said Knot was one of the more hawkish members of the ECB and his views did not necessarily reflect the overall view of the central bank’s governing body, but Knot’s remarks also opened a new chapter for ECB hawks offensive line.
GBPIt fell 1.21% to $1.2338 against the dollar, snapping a three-day winning streak.
Britain reported that inflation continued to climb in April to a 40-year high of 9% on the year from 7% in March, as households face higher living costs and the Bank of England faces more pressure to tighten policy .
considered as a risk appetite liquidity indicatorAUDalso fell due to investor pessimism,AUDIt fell 1.09% to $0.6952 against the dollar.
Australia reported wage growth nearly stalled in March, with wage growth less than half the rate of headline inflation, stoking fears of a contraction in real wages and scaling back bets on a sharp rate hike by the central bank.
Japanese YenAgainst the dollar, up 0.86% to 128.25 Japanese Yenthe highest level in nearly a week.
cryptocurrencygenerally lower,bitcoinIt fell below the $30,000 barrier again, down 3.3% to $29,251.6,etherIt also fell below $2,000, sliding 4.6% to $1,966.7.
As of Thursday (19th) Taiwan time about 6:00 Price:
- US dollar indexReported at 103.9083. +0.5963%
- EURExchange rate against the US dollar (EUR/USD) at 1 EURAgainst $1.0463. -0.7964%
- GBPExchange rate against the US dollar (GBP/USD) at 1 GBPAgainst $1.2339. -1.2011%
- AUDExchange rate against the US dollar (AUD/USD) at 1 AUDAgainst $0.6954. -1.0670%
- dollar againstCanadian Dollars (USD/CAD) exchange rate at 1.2887 per US dollar Canadian Dollars。+0.6168%
- dollar againstJapanese Yen (USD/JPY) exchange rate at 128.27 USD Japanese Yen。-0.8273%