Pengpai News reporter Hou Jiacheng
On the evening of September 1, the US dollar index broke through 110, the first time since June 2002. As of press time, the US dollar index rose by 0.97% to 109.73. Investors raised the price of the dollar against other currencies as U.S. non-farm employment data is about to be released on Friday.
On the same day, the U.S. Department of Labor released data showing that in the week ending August 27, the number of people applying for unemployment benefits in the United States was 232,000, a month-on-month decrease of 5,000, the lowest level since late June.
"The labor market remains strong and provides guarantees for the Feder 's significant hike rate ." said Ryan Sweet, senior economist at Moody's Analytics in Pennsylvania.
"Powered by the global economic slowdown, especially the European energy tightening, even if the US dollar index sets a new record, its strong gains still have room for further expansion." An asset management researcher at Zhongli Insurance, Italy, said.
The latest Fed interest rate meeting will be held from September 20th to 21st local time. Fed Watch, CME CME interest rate observation tool, shows that the probability of the Federal Reserve raising interest rates by 75 basis points at its September interest rate meeting is 76%, and the probability of raising interest rates by 50 basis points is 24%.
Editor in charge: Zheng Jingxin
