US dollars
The US dollar rose on Wednesday, ahead of the publication of the minutes of the September meeting of the US Federal Reserve, in which they decided to cut interest rates by 50 basis points, showing confidence that the central bank will not continue with aggressive money. burning
Concerns about demand loomed large China On the markets in the last few days after Beijing refrained from taking additional economic stimulus measures, which disappointed investors.
The biggest losers on Wednesday were the Australian dollar and the New Zealand dollar.
Investors are waiting for the minutes of the meeting today, Wednesday Federal Reserve Board in September, which included discussions of what appeared at the time to be a labor market downturn that culminated in a major interest rate cut.
But that may be a bit outdated, after strong non-farm payrolls data last Friday caused markets to reassess expectations of the Fed cutting interest rates in the near term.
Price movements
The euro consolidated its losses to a two-month low against the US currency, and fell in the trading session by 0.26 to $1.0953.
The dollar rose against the yen by 0.61 percent, reaching the highest level reached on Monday at 149.10, the highest level since August 16.
The dollar index, which measures the performance of the US currency against a basket of currencies including the yen and the euro, continued to rise, reaching its highest level since August 16.
In the latest trade, it rose 0.26 percent to 102.76 points.
On Wednesday, China’s Ministry of Finance called for a press conference on Saturday regarding fiscal policy, raising expectations for the stimulus, the day after a press conference with the state planning agency, the National Development and Reform Commission, markets broke. -expectation by not showing major markets. new details about the promotion.
But this did not significantly affect the Australian dollar, which fell in recent transactions by 0.36 percent against the US dollar to 0.6721.
The New Zealand dollar fell on Wednesday after the country’s central bank cut interest rates by 50 basis points.
The New Zealand dollar fell 1.14 percent against the US dollar to 0.6069 US dollars, recording the lowest level in about two months.
2024-10-09 16:53:00
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