Mt4.mt5 foreign exchange European market: macron's first victory, the euro soared by about 0.5%, and the US dollar fell slightly

时间:2022-07-05 09:27:14 浏览:138

Yingwei financial investment Com - in European trading on Monday, due to the strengthening of the euro, the dollar index futures fell slightly from the intraday high, and the euro was supported by the results of the first round of French presidential election.

As of 18:07 Beijing time (06:07 a.m. EDT), the US dollar index futures, which measures the trend of the US dollar against six trade weighted major currencies, fell 0.09% to 99.665, but still maintained most of the gains last week, with the US dollar index futures up about 1% last week.

At that time, fed hawk Brad, chairman of the St. Louis fed, said that the federal funds rate should be raised by another 3% before the end of the year.

Boosted by this, the benchmark yield of U.S. Treasury bonds continued to rise on Monday, once reaching 2.784%.

Analysts at ing said, "few central banks have been able to catch up with the Fed's tightening this year,

The dollar should remain strong - especially against low-yield currencies such as the yen and the euro. "

USD / JPY rose 0.84% to 125.36. The yen continued to be under pressure, as the Bank of Japan still kept the yield close to zero, in sharp contrast to the position of the Federal Reserve.

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However, the euro / dollar rose 0.46% to 1.0926, thanks to the current president, Emmanuel macron, taking the lead in the first round of French presidential election.

Macron will compete with extreme right-wing candidate marine Le Pen on April 24. Opinion polls show that the competition will be very fierce, but macron's strong performance in the first round of the election has brought confidence to the market. As a far right winger, Marina Le Pen's protectionist stance makes the market uneasy.

She had previously supported leaving the eurozone, although immigration had abandoned this proposition.

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On the other hand, the European Central Bank will hold a monetary policy meeting on Thursday, at a time when soaring consumer prices and the situation in Ukraine are putting pressure on the prospects for economic growth,

The European Central Bank needs to balance these two factors when making decisions.

Hawkish members of the European bank have been calling for rapid tightening of easing policies. At present, the market expects that eurobank may provide more details about gradually reducing asset purchases,

But it is unlikely to provide any clear hint of interest rate hikes.

GBP / USD rose 0.15% to 1.3051. Previous data showed that Britain's economic growth slowed more than expected in February, with GDP growth of 0.1% that month, down from 0.8% in January.

AUD / USD rose 0.04% to 0.7458. Fell to a three week low as iron ore prices fell, while the US dollar / RMB fell 0.05% to 6.3683,

Previous data showed that China's CPI and PPI in March were higher than market expectations.

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