US DOLLAR MARCHES HIGHER, NEARS MULTI-MONTH HIGHS

avatar
· Views 141


  • Dollar and US Treasury yields continue to march higher.
  • IMF raised its US economic growth projections to 2.8% ( 0.2 ppt) for 2024.
  • The recent Fed Beige Book indicated that inflation had continued to moderate.

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, rose near a three-month high as traders flocked to the US Dollar on Wednesday.The rally was driven by persistent global economic divergence, a more hawkish Federal Reserve (Fed), and upbeat US growth projections by the International Monetary Fund (IMF). The Fed Beige Book hinted at moderating inflation and sustained economic activity.

The robust US economy and election uncertainties continue to bolster the US Dollar.The IMF upgraded its US growth forecasts, projecting 2.8% growth for this year and 2.2% for next year. The US outpaces its peers as IMF lowered eurozone growth forecasts to 0.8% for this year and 1.2% for next year. Economic divergence favors the US Dollar, contributing to monetary policy divergence that supports its strength. The Fed Beige Book indicates moderating inflation with selling prices increasing modestly across most districts. Economic activity remains mostly unchanged since early September with some districts reporting modest growth.


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

古いコメントはありません。ソファをつかむ最初のものになりましょう。

  • tradingContest