FX Signals – Dollar Up as Central Banks Brace Policies

FxPremiere.com – Open Forex Account – The US dollar was up on Wednesday morning in Asia as central banks globally are expected to brace for tightening policies to tame inflation.

FX Signals

The U.S. Dollar Index that tracks the greenback against a basket of other currencies gained 0.28% to 102.60 by 12:23 PM ET (4:24 AM GMT).

The USD/JPY pair jumped 0.40% to 133.12. The yen continued its loss after sliding to a 20-year low as the Bank of Japan (BOJ) has given no indication of giving up ultra-easy monetary policies.

However, Japan’s economy seems to rebound. Government data released earlier in the day showed that Japan’s gross domestic product (GDP) shrank 0.5% in January-March year-on-year, smaller than the initial reading of the 1.0% drop released last month.

“Yield differentials continue to favor the U.S. dollar, with USD/JPY breaking above 132,” City Index senior market analyst at brokerage Matt Simpson told Reuters.

Open Forex Account

“It is quite apparent that the BOJ favors defending yield curve control over a weaker currency,” he said. “135 is the next major line in the sand – the February 2002 high.”

The AUD/USD pair fell 0.33% to 0.7204, and the NZD/USD pair slid 0.39% to 0.6464. The Reserve Bank of Australia (RBA) announced a surprisingly big rate hike on Tuesday. It hiked interest rates to 0.85%, above forecasts of 0.60 prepared by FxPremiere.com

Daily FX Signals

SINGAPORE (Reuters) – The yen hit a fresh 20-year low versus the dollar on Wednesday and slipped to a seven-year trough against the euro as traders awaited a European Central Bank meeting likely to leave Japan alone among its peers in sticking to ultra easy monetary policy.

The ECB meets on Thursday and markets are expecting it to at least lay the groundwork for rapid rate rises, if not begin them with a small hike.

The U.S. Federal Reserve is expected to raise its benchmark funds rate by 50 basis points next week and again in July, but Bank of Japan (BOJ) officials have given no indication of easing accommodative settings.

The yen has accordingly lost more than 4.5% from 127.09 per dollar to touch 133.22 in eight sessions, dropping hard on crosses as investors see soaring consumer prices forcing central banks around the world to crimp demand with rapid rate hikes.

Accurate FX Signals

It traded as low as 133.22 per dollar on Wednesday, and was last at 133.14.

Signals in FX

The European Central Bank (ECB) will meet on Thursday and hand down its policy decision which is widely expected to lay the groundwork for more interest rate hikes.

U.S. Treasury Secretary Janet Yellen said on Tuesday that she expected inflation to remain high, and the Biden administration is likely to increase the 4.7% inflation forecast for this year in its budget proposal.

Live Forex News

The global economic outlook remained grim. The World Bank reduced its estimate for global growth this year to 2.9% from a January prediction of 4.1% due to soaring commodity prices, supply disruptions, and moves by central banks to hike interest rates. Investors are now looking to Friday’s U.S. consumer price index (CPI) for more clues on the interest rate hike path from the U.S. Federal Reserve.

“With quantitative tightening replacing quantitative easing and 100 basis points of Fed rate hikes coming this summer, you buy bonds and sell the dollar at your peril,” Societe Generale strategist Kit Juckes told Reuters.

FX Signals – Dollar Up as Central Banks Brace Policies

Telegram Forex Signals

Forex Signals – Dollar Up as Central Banks Brace Policies

FX Signals – Dollar Up as Central Banks Brace Policies

Daily FX SIGNALS US Dollar set for first losing week in seven amid U.S. yield retreat

Live FX Signals

FX SIGNALS US Dollar set for first losing week in seven amid U.S. yield retreat


1 – Deposit 500 USD with our Live Account Below and receive 3 Months of VIP FX + Gold + Crypto Signals on Telegram

2 – Deposit 2500 USD with our Live Account Below and receive 16 Months of VIP FX + Gold + Crypto Signals on Telegram!

3- Deposit 5000 USD with our Live Account Below and receive Lifetime VIP FX + Gold + Crypto Signals on Telegram!

Any questions Telegram Live Chat with us!=> Click here for our recommended Brokers for LIVE or DEMO

CLICK HERE – Why not become a Forex Affiliate AND EARN GENEROUS INCOME!!

=> Click here for Free Learning Guides and Daily Live FX News Coverage

[vc_btn title=”OPEN A CRYPTO DEMO OR

Share this:

Like this:

Risk disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Never deposit more than you are prepared to lose. Professional client's losses can exceed their deposit. Please see our risk warning policy and seek independent professional advice if you do not fully understand. This information is not directed or intended for distribution to or use by residents of certain countries/jurisdictions including, but not limited to, USA & OFAC. The Company holds the right to alter the aforementioned list of countries at its own discretion. TIO Markets Ltd. is a Company registered in Saint Vincent and the Grenadines as an International Business Company with registration number 24986 IBC 2018. The registered office of the Company is Suite 305, Griffith Corporate Center, Beachmont, P.O. Box 1510, Kingstown, Saint Vincent and the Grenadines. TIO Markets Ltd. is authorised by Mwali International Services Authority in Comoros Union with license number T2023224 with registered office at Moheli Corporate Services Ltd, P.B. 1257 Bonovo Road, Fomboni, Comoros, KM. TIOmarkets is a trading name of TIO Markets Ltd. ©2024 TIO Markets Ltd. All Rights Reserved. 24/7 Live Chat Trade responsibly: CFDs are complex instruments and come with a high risk of losing all your invested capital due to leverage. These products are not suitable for all investors and you should ensure that you understand the risks involved.

Any news,messages, opinions, charts, prices, analyses, or other info on this website shouldn’t be taken as a piece of investment advice but provided as general information for entertainment and educational purposes. The site should not be wholly relied on for extensive research before making personal trading decisions. Any content on this website is subject to change without notice. FxPremiere won’t accept liability for any damage, loss, or profit loss as a result of the use or relying directly or indirectly on such information. We don’t recommend only the use of technical analysis for making trading decisions. Neither do we recommend hurried trading decisions. Always understand that past performance doesn’t guarantee future results. DISCLAIMER: FxPremiere.com and its team members are not registered as financial advisors and hold no formal qualifications to give financial advice. Everything that is provided on this server telegram signals as intermediates to signal sources only, on FxPremiere.com website or FxPremiere.com and its team members is purely for educational purposes only. FxPremiere.com and its team members are not accountable or liable for any losses or damages. You are responsible for all the risks you take. Any content provided here should not be construed as financial advice.