DollarNEW YORK (Archyde.com) – Archyde.com was weaker against a basket of major currencies on Friday, reversing strong gains from the previous day, as investors assessed a new round of U.S. sanctions on Russia and the latest inflation data was unlikely to give the Federal Reserve a boost in March. Too aggressive in meetings.
Late New York, TrackDollarICE against six major currencies DollarThe index (DXY) fell 0.46%, butDollarThe weekly line is still up this week, the third straight weekly gain.
EURagainstDollarRecovered 0.59% to 1.1257 Dollarfell to 1.1050 on Thursday Dollarthe lowest so far on June 1, 2020.
DXY jumped to 97.74 on Thursday, its biggest one-day gain since Nov. 10 last year, when U.S. President Joe Biden imposed a slew of sanctions for Russia’s invasion of Ukraine, but has yet to include Russian President Vladimir Putin or cut off Russia’s ties with the U.S. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) links to the international banking system,DollarAfter that, it gave up some of its gains.
But the White House said on Friday that the United States would follow up on the U.K. and U.S. actions by imposing sanctions on Putin and Russian Foreign Minister Sergie Lavrov.
In addition, the United States announced on Friday that the annual growth rate of the core personal consumption expenditures price index (PCE) in January was 5.2%, the largest increase since April 1983, and the monthly growth rate was 0.5%, both in line with market expectations.
The overall PCE rose 6.1% from a year ago, the largest increase since February 1982, slightly higher than the market forecast of 6%, and a monthly growth rate of 0.6%. In line with market expectations.
“Tong Peng numbers aren’t great, but at least the month-on-month numbers aren’t climbing,” said Brian Jacobsen, senior investment strategist at Allspring Global Investments. “It’s likely to be a little discouraging for the Fed’s most hawkish members.”
Jacobson said that the current data seems that the economy is still resilient in the face of the Omicron variant virus and high oil prices, hoping that the situation in Russia is short-lived, but even if oil prices continue to rise, the economic fundamentals should be enough to withstand high energy prices.
DollarThe recent weakness as tensions in Ukraine have raised expectations that the Fed may not be too aggressive in tightening policy.
Expectations for a rate hike of at least 50 basis points at the Fed’s March meeting fell to 25% from 34% the previous day, CME’s FedWatch tool showed.
European Central Bank (ECB) President Christine Lagarde said the situation in Ukraine could cause the ECB to slow the pace of its exit from easing policy. The ECB is scheduled to meet on March 10, and investors currently estimate only a 4 percent chance of a 10 basis point rate hike.
Russian ruble toDollarIt climbed 1.67 percent to 83.04 rubles, recovering from a low of 89.986 rubles the previous day.
Japanese YenagainstDollarslipped 0.09% to 115.65 Japanese Yen，GBPagainstDollarclimbed 0.19% to 1.34 Dollar。
cryptocurrencyUp, bitcoin up 1.4% to 38937.21 Dollar，etherUp 2.58% to 2703.53 Dollar。
As of Saturday (26th) around 6:00 Taiwan time Price: