After the release of a series of economic data and the minutes of the Federal Reserve (Fed) meeting,dollar indexOn Wednesday (23rd), it depreciated by more than 1%. The minutes of the November meeting showed that most Fed officials supported slowing down the pace of interest rate hikes as soon as possible.
According to the minutes, Fed officials generally agreed to stop preemptive rate hikes and move to smaller moves. Even acknowledging little progress on inflation, officials discussed the potential risks to growth and financial stability of rapid policy tightening.
“The Fed is raising rates at the fastest rate in recent history, and now they want more time to judge the impact of their actions,” said Moez Kassam, portfolio manager at Anson Funds.
Economic data showed on Wednesday that the U.S. S&P Global Manufacturing Purchasing Managers Index (PMI) fell below the 50 watershed again in November, shrinking for five consecutive months, as demand slowed due to rising interest rates and the new orders index also fell to 2. lowest level in half a year.
In addition, the number of Americans claiming unemployment benefits reached 240,000 last week, higher than market expectations, and the labor market remains tight.
GBPIt strengthened for two consecutive sessions, rising 1.5% to $1.2060, the highest since Aug. 17. Earlier data showed that the UK’s PMI was better than expected, but the economy remains in recession.
Lee Hardman, senior currency analyst at MUFG, said: “GBPThe $1.2 level has been tested for quite some time, and after the breakout, the market gave the green light to continue higher.Basically, weaker U.S. economic data and PMIs were weaker thanEURIn the region, the US dollar was generally sold. “
source of stringAgainst the dollar, it rose 1.6 percent to $0.6245, a three-month high. The central bank of New Zealand recently raised interest rates at an unprecedented rate, raising the benchmark interest rate by 3 yards to 4.25%, which is the highest among G10 economies, but also warned that it may fall into an economic recession next year.
As of about 6:00 Taiwan time on Thursday (24th) Price:
- dollar indexCall 106.1170. -0.9821%
- EURExchange rate against US dollar (EUR/USD) 1 EURAgainst $1.0397. +0.9222%
- GBPExchange rate against USD (GBP/USD) 1 GBPAgainst 1.2060 yuan. +1.4724%
- Australian dollarExchange rate against U.S. dollar (AUD/USD) 1 Australian dollarAgainst 0.6734 yuan. +1.2936%
- US dollar againstCanadian Dollars (USD/CAD) exchange rate quoted 1 US dollar to 1.3347 Canadian Dollars。-0.1870%
- US dollar againstJPY (USD/JPY) exchange rate quoted 1 US dollar to 139.56 JPY。-1.1755%