
Dollar Up Boosted by Plunge in Chinese
FxPremiere.com – The dollar was up, but remained below its recent highs, on Wednesday morning in Asia. Ripple effects from a crackdown in China and caution ahead of the U.S. Federal Reserve’s latest policy decision gave the safe-haven U.S. currency a boost, however.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched up 0.06% to 92.493 by 1:08 AM ET (5:08 AM GMT).
The USD/JPY pair inched up 0.03% to 109.80.
The AUD/USD pair inched down 0.09% to 0.7353 while the NZD/USD pair inched up 0.01% to 0.6955.
Daily Forex Signals
The USD/CNY pair inched down 0.05% to 6.5074 and the GBP/USD pair inched down 0.04% to 1.3868.
The Japanese yen rose about 0.5% against the dollar during the previous session to hit a one-week high, with the Swiss franc and euro also recording small gains. The trio held onto those gains as the Asian session opened, with the euro last trading at $1.1819, which capped gains for the U.S. currency.
The Chinese yuan fell towards a three-month low against the greenback after recording its worst day since October 2021 on Tuesday. Hong Kong’s Hang Seng Index also recorded its sharpest selloff in more than a year as concerns over a recent Chinese crackdown remained firmly in place. The crackdown on tech and other lucrative sectors also saw jitters spill over into the U.S. market on Tuesday.
Telegram Forex Signals
The riskier Australian and New Zealand dollars also fell as investor sentiment took a hit.
Direct Forex Signals
U.S. real yields also declined, with the 10-year tenor falling to a fresh record low during the previous session.
The pound surprised the market by jumping through its 20-day moving average during the previous session, with reports that the U.K. is considering opening its border giving the currency a boost. direct forex signal
Investors continued to focus their attention on Chinese shares’ performance on Wednesday and the Fed decision, due to be handed down later in the day. direct forex signals
The central bank’s unexpected hawkish turn in its previous decision in June led to a month-long rally for the greenback. It now remains to be seen whether more clues on the timeline for both asset tapering and interest rate hikes will be provided in the Fed’s latest decision.
GBPUSD Exchange Rate Will the Fed’s Latest Decision
Should mounting inflationary pressures prompt the Fed to introduce both faster than expected, it would give both U.S. rates and the dollar a boost. However, another hawkish surprise is unlikely, with investors more likely on the lookout for any shifts in tone or emphasis, said Westpac’s Speizer.
Dollar Up Boosted by Rising Treasury Yields
“They’ve already said they’re talking about tapering and they’ll say that again. They’ve already said transitory inflation and they’ll say that again… it’ll be subtle changes in the language that causes the reaction,” he added.
Dollar Up Boosted by Plunge in Chinese
Forex Signals
Forex Signals Learning Guides, to help you get started with trading. Grow your Learning knowledge on the capital markets. URL FxPremiere.com was Founded in 2010. Since then has grown with over 23,000 live subscribers globally. Daily Trading Alerts are sent by our VPS Networks worldwide via Telegram. Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals Learning Guides below with guide you with every trade you make!
- The fundamental forex strategies
- The technical forex strategies
- The popular forex strategies
- In the forex strategies articles
FxPremiere Group has helped over 5,000 Forex Affiliates earn up to $800 CPA on referrals and has grown immense revenue streams for online affiliates. Trading Forex has never been easy. The World of Forex Trading is growing day by day and its crucial to keep up to date with trends and market analysis. Here at FxPremiere Group we keep you updated with the Compare Forex Brokers charting system, as well as sending you Direct Forex Signals by our Telegram Services globally daily.
Chinese Citizens Get $1.5 Million In Free Digital Currency In Central Bank Trial
FX Signals
The most traded pairs of currencies in the world are called the Majors.EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more… Forex Trading comes with it high risk. We help by referring only the very best forex brokers available in the marketplace. Your in safe hands with our partnersWith our free forex learning guides you will be able to educate yourselves with the most up to date forex basics required in order to enter the Capital Markets. FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms.
Dollar Up Boosted by Plunge in Chinese
About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals