US dollar indexAfter two consecutive days of weakness, it fell to a two-week low on Tuesday (4th).EUR、GBPStrong bounce.Australia’s central bank (RBA) raises interest rates less than expectedAUDHeavy depreciation, but the depreciation trend slightly converged in late trading.
ICE, which tracks the dollar against six major currencies, is late in New York US dollar index (DXY) fell 1.38% to 110.20, a two-week low. Over the past two days,DXY It has fallen about 1.8%.
U.S. job vacancies fell by more than 1 million in August, the biggest monthly drop since the early days of the outbreak, economic data showed, and the latest signs of economic weakness fueled investor expectations that the Federal Reserve will slow the pace of interest rate hikes.
Karl Schamotta, chief market strategist at Corpay, said: “The decline in job openings has been much larger than expected, which is what we would expect if the Fed’s tightening path was nearing its end.”
Expectations of aggressive rate hikes have driven U.S. bond yields soaring after the Fed held its rate meeting last month, however, as investors assess the prospect of a shift in central bank policy,10-Year U.S. Treasury YieldYesterday (3rd) fell to a low of more than a week. Today (4th), although the job vacancy data continued to decline, it rose slightly in late trading, and reported 3.653% before the deadline.
Some strategists believe the dollar and yields reflect market participants’ views on the outlook for interest rates, with investors hoping that recent concerns about economic growth will dampen the aggressiveness of the Fed and other central banks in fighting inflation.
“We’re seeing a decline in overall financial market rate expectations as the RBA unexpectedly raises rates less than expected,” Schamotta said. “It’s having some kind of warning effect for global market participants that people are lowering expectations for the Fed and other central banks, which It does force people out of the dollar and into more risk-sensitive assets.”
As the dollar fell,EURStrong bounce 1.67% to $0.9985,GBPIt also rose 1.4% to $1.1474, after hitting an all-time low on Sept. 26.GBPAgainst the dollar has risen for 6 consecutive sessions.
The UK government bond market has now calmed down after a turbulent fiscal policyGBPBreathed a sigh of relief. The Bank of England reiterated its willingness to buy bonds earlier this week, and the U.K. Office of Management, which oversees bond markets, also stressed that markets are resilient.
AUDAgainst the greenback, it was down 0.22% at $0.6498, after the RBA unexpectedly raised rates by just one notch.AUDIn response to the depreciation, the market originally expected to raise interest rates by 2 yards. However, amid the widespread sell-off in the U.S. dollar,AUDThe depreciation is buffered.
Investors also pay close attentionRMBexchange rate, offshoreRMBAgainst the dollar, up 0.96% to 7.0308 RMBthe highest since September 21.
JPYIt also rose 0.3% to 144.12 against the dollar JPYcontinue to hover below 145.JPYIt fell below the 145 mark in intraday trading yesterday, the first time since the Japanese authorities intervened in the foreign exchange market on the 22nd of last month.
As of Wednesday (5th) Taiwan time about 6:00 Price:
- US dollar indexReported at 110.1955. -1.3366%
- EURExchange rate against the US dollar (EUR/USD) at 1 EURAgainst $0.9983. +1.6702%
- GBPExchange rate against the US dollar (GBP/USD) at 1 GBPAgainst $1.1473. +1.3695%
- AUDExchange rate against the US dollar (AUD/USD) at 1 AUDAgainst 0.6501 yuan. -0.2149%
- dollar againstCanadian Dollars (USD/CAD) exchange rate at 1.3507 US dollar Canadian Dollars。-0.8369%
- dollar againstJPY (USD/JPY) exchange rate at 144.17 USD JPY。-0.2905%