(New York) The Fed’s January meeting minutes did not expect the hawkish dollar to weaken | Anue Huge

DollarIt fell against a basket of major currencies on Wednesday, hitting its lowest level since last Friday, as minutes from the Federal Reserve’s January meeting showed policymakers did not set a specific pace of rate hikes and were less hawkish than expected.

trackDollarICE against six major currencies DollarThe index (DXY) fell 0.3% to below 96.

EURagainstDollarIt rose 0.2% to 1.1383 DollarDollaragainstSwiss Francdown 0.4% againstJapanese YenAlso depreciated by 0.2%.

According to minutes of the Jan. 25-26 meeting released on Wednesday, officials at the meeting agreed that the time has come to tighten monetary policy due to the growing influence of inflation and strong employment, but any decision depends on economic data released before the next meeting .

Strategists said the minutes were not as hawkish as investors had feared. John Doyle, vice president of trading at Monex USA, said: “The officials in the meeting were not as aggressive as they had thought, and this has been reflected in theDollarmild selling. “

But he said the minutes of the meeting, which were released ahead of January’s consumer price index (CPI) and producer price index (PPI), would not be used alone to assess the monetary policy outlook as both data were well above expectations. .

St. Louis Fed President James Bullard reiterated his support for an accelerated rate hike by the Fed earlier this week, a view reinforced by stronger-than-expected U.S. retail sales data on Wednesday.

Investors also continued to monitor geopolitical news, with the U.S. and NATO saying Russia continued to build up troops on the Ukrainian border despite Russia’s claims to have withdrawn some troops from the border.

Russian ruble toDollarContinued recovery, up 0.73% to 75.14 ruble to 1 Dollar

Oil prices climbed earlier, boostingCanadian DollarsagainstDollarAppreciated 0.33% to 1.27 Canadian Dollarsagainst 1 Dollar

GBPUp 0.44% to 1.3593 Dollardata released on Wednesday showed that UK inflation rose to 5.5% in January, a nearly 30-year high, slightly higher than market expectations of flat at 5.4%.

The Bank of England (BOE) has raised interest rates twice since December last year, raising interest rates from 0.1% to 0.5%. Financial markets expect that the next meeting to be held on March 17 will further raise interest rates to 0.75% or 1%.

cryptocurrencyIn markets, bitcoin was down 0.7% at 44,271 in late New York trade Dollar

As of Thursday (17th) at about 6:00 Taiwan time Price:


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