On Wednesday, the US dollar index rose slightly, with the exchange market closing at 91.7995. The US dollar index rose on the 23rd. As of the end of the New York foreign exchange market, the US dollar index, which measures the US dollar against six major currencies, rose 0.04% on the same day, closing at 91.7995 at the end of the foreign exchange market.
As of the end of the New York foreign exchange market, 1 euro was exchanged for US$1.1928, lower than US$1.1936 in the previous trading day; 1 pound was exchanged for US$1.3963, higher than US$1.3941 in the previous trading day; 1 Australian dollar was exchanged for US$0.7573, higher than US$0.7552 in the previous trading day.
1 USD is exchanged for 110.96 yen, higher than 110.62 yen on the previous trading day; 1 USD is exchanged for 0.9183 Swiss francs, higher than 0.9182 Swiss francs on the previous trading day; 1 USD is exchanged for 1.2303 Canadian dollars, lower than 1.2320 Canadian dollars on the previous trading day.
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burst! The Federal Reserve suddenly flew out an old "eagle" and the US dollar was overjoyed
Atlanta Fed Chairman Bostic said that considering the upward accident, the first rate hike has been advanced to the end of 2022, and it is expected to raise interest rates twice in 2023. I don't want to reduce the scale of bond purchases too early, but the market is running well. He tends to delay interest rate hikes until the bond reduction plan is completed. Bostic said that the U.S. economy is approaching the standard of "significant further progress" to discuss the prospect of reducing bonds, and it is perfectly appropriate to discuss the prospect of reducing. Affected by Bostic's speech, the US dollar index DXY rose in the short term.
decision analysis: The dollar suffered a sell-off and fell by up to 40 points
During the European market, market risk sentiment stabilized, trading was relatively light, European and American stock markets rose and fell, investors are still digesting the FOMC resolution of last week's hawkish tone, and the "comfortable" remarks by Federal Reserve Chairman Powell on Tuesday. In the foreign exchange market, the US dollar suffered a full-scale selling, falling to 91.52 at a low of 40 points, with an intraday amplitude of nearly 40 points. It can be seen from the stable trend of the 10-year Treasury yield that the dollar lacks confidence to rise further, while the two-year Treasury yield gave up some of the gains after the FOMC meeting.
(Article source: Oriental Wealth Research Center)
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