DXY| Sets new record highs! What will happen to the markets?
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Guys, I want to share with you the latest news about what is happening with the dollar index and the Japanese yen, it will be convenient for anyone who likes to read information from tradingview.
The US dollar soared in early European deals on Thursday, hitting a new 24-year high against the yen after the US Federal Reserve's hawkish interest rate outlook stood in sharp contrast to the dovish stance of the Bank of Japan.
By 3:55 AM ET (0755 GMT), the dollar index, which tracks the dollar against a basket of 6 other currencies, was trading up 1% at 111.460, having previously risen to 111.79 for the first time since mid-2002.
The U.S. central bank raised rates by 75 basis points on Wednesday, as expected, but signaled that the rate would rise by 4.4% by the end of the year and reach 4.6% by the end of 2023.
This suggests that the interest rate will rise and remain elevated for longer than previously thought.
I quote:
(A rate increase of 0.75% was already included in the market, well, the harsh rhetoric of J. Powell influenced the decline in the SPX 500 and the cryptocurrency market! The rate will continue to be increased until the end of 2022 to 4.5%) I think that some global market revolutions should not be expected until the FOMC policy begins to lower the rate by at least 0.5%.
Guys, I want to share with you the latest news about what is happening with the dollar index and the Japanese yen, it will be convenient for anyone who likes to read information from tradingview.
The US dollar soared in early European deals on Thursday, hitting a new 24-year high against the yen after the US Federal Reserve's hawkish interest rate outlook stood in sharp contrast to the dovish stance of the Bank of Japan.
By 3:55 AM ET (0755 GMT), the dollar index, which tracks the dollar against a basket of 6 other currencies, was trading up 1% at 111.460, having previously risen to 111.79 for the first time since mid-2002.
The U.S. central bank raised rates by 75 basis points on Wednesday, as expected, but signaled that the rate would rise by 4.4% by the end of the year and reach 4.6% by the end of 2023.
This suggests that the interest rate will rise and remain elevated for longer than previously thought.
I quote:
(A rate increase of 0.75% was already included in the market, well, the harsh rhetoric of J. Powell influenced the decline in the SPX 500 and the cryptocurrency market! The rate will continue to be increased until the end of 2022 to 4.5%) I think that some global market revolutions should not be expected until the FOMC policy begins to lower the rate by at least 0.5%.
