SINGAPORE – The dollar has started the week
Hind legs, after the first weekly loss of about two
Month, as bets on more dollar gains from investors cut
Relaxing lockdowns that turned to rising US rates and optimism
China can help global growth.
U.S. stock market futures bounced sharply early
Asian trade and risk-sensitive Australians and New Zealand
Along the Zealand dollar for the ride.
Aussie is up 0.4% at the latest 70 0.7080 and has
Raised 3.8% in a week and a half. Kiwi rose 0.6%
0.6450, three week high.
“It’s a reasonably positive start to the week,” he said
The head of foreign exchange strategy at the National Bank of Australia, Ray
“We have seen a sharp reversal of the weakness in the US equity market
In the last hour of Friday, so maybe there is some momentum
There, ”he added. “The US dollar is showing now
The reverse is happening. “
The euro and yen rose, the yen rose 0.1%
127.83 per dollar and the euro rose 0.2% to 0 1.0586
The dollar followed last week’s 1.5% gain.
US dollar index down 0.1% to 102.790, about 2%
Below the two-decade high of 105.010 at the beginning of May.
“The dollar is probably peaking at the highest point in Europe’s view
Elasticity of potential shock of power shock and lockdown
In China, “said Joe, a strategist at the Commonwealth Bank of Australia
“Given the type of policy support, we expect investment
A faster rebound than consumer spending, ”he said. “Investment is
Very positive for mining product-intensive (and so on)
Commodity currencies such as the Australian dollar and Canadian
Dollars, in addition to the yuan. “
Shanghai is coming out of the lockdown and an unexpectedly big one
There have been hints of a rate cut in China last week
Authorities are going to provide assistance for a recovery.
The city of 25 million is expected to rise across its city
Lockdown and return to normal life from 1st June.
The end of 2020 was the best week for the yuan
At the start of the week, offshore trade was firm at 6.6861 per dollar
The Canadian dollar rose for the third week in a row
Last week and early was a touch higher at C $ 1.2814 per dollar
Sterling’s back jumped nearly 2% last week
Stronger than expected retail data and extensive market revision
Whether the global central bank is really far behind
The Federal Reserve raised 0.3% to its latest 1.2527.
As US president, he is focusing on geopolitics in Asia this week
Joe Biden visits the region, promoting greater U.S. economics
Busyness and trying to back down against Chinese influence.
He met with the Emperor of Japan on Monday before holding talks with the Prime Minister
Minister Fumio Kishida.
Although the new government was elected in Australia on Saturday
The market response was muted as the vote predicted victory
Center-Left Labor Party and it is not expected to move
The direction or speed of interest rate growth.
The Reserve Bank of New Zealand is expected to withdraw
Wednesday benchmark cash rate by 50 basis points. Us
The minutes of the Federal Reserve meeting are also available on Wednesday.
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Currency bid price at 0039 GMT
Description RIC Last US Close Pct Change YTD Pct High Bid Low Bid
EUR / USD $ 1.0588 $ 1.0569 + 0.18% -6.87% +1.0590 +1.0559
Dollar / Yen 127.8700 127.9100 -0.07% + 11.13% +128.0500 +127.8200
Euro / Yen
Dollar / Swiss 0.9733 0.9743 -0.11% + 6.69% +0.9751 +0.9732
Sterling / Dollar 1.2525 1.2496 + 0.26% -7.37% +1.2529 +1.2482
Dollar / Canadian 1.2802 1.2846 -0.32% + 1.28% +1.2842 +1.2805
Aussie / Dollar 0.7085 0.7052 + 0.48% -2.52% +0.7090 +0.7046
NZ 0.6446 0.6410 + 0.65% -5.75% +0.6451 +0.6400
Dollar / dollar
Tokyo Forex market data from BOJ
(Reporting by Tom Westbrook. Editing by Sam Holmes)