简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:In the following week, USD may keep retreating under the pressure of stock markets and Fed rate decision.
WikiFX News (3 Aug)- In the following week, USD may keep retreating under the pressure of stock markets and Fed rate decision.
USD may decline if earnings reports from large-cap companies such as HSBC and Disney put a discount on haven-linked assets.
Meanwhile, Fed rate decision is another factor hindering USD from any gains and forcing stock markets higher. The Fed said at the rate decision for July that it would not let go of the gas pedal in regards to quantitative easing. The notion of an uninterrupted market liquidity from the Fed helped further mitigate fears about credit crisis and inspired market sentiment. By doing so, however, it hammered the demands for haven-linked assets such as USD and amplified the gains of cycle-sensitive assets such as stocks.
In addition, a series of PMI data out of key supply chain and consumer-oriented economies will start trickling out this week. If these data is better than expected, there may be the trace for economic stabilization, which booms cycle-sensitive assets higher at the expense of haven-linked assets.
All the above is provided by WikiFX, a platform world-renowned for foreign exchange information. For details, please download the WikiFX App: bit.ly/WIKIFX
You can also find us here-
Vietnam: www.facebook.com/wikifx.vn
Thailand: www.facebook.com/wikifx.th
Indonesia: www.facebook.com/wikifx.id
South Asia: www.facebook.com/wikifxglobal
Italy: www.facebook.com/wikifx.it
Japan: www.facebook.com/wikifx.jp
India: www.facebook.com/wikifx.in
Arabian countries: www.facebook.com/wikifx.arab
Russian countries: www.facebook.com/wikifx.russian
French countries: www.facebook.com/wikifx.French
Western Pacific area: www.facebook.com/wikifx.westernpacific
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Covid-19 kept raging the US, amid which the latest spate of economic data signaled a turn for the worse.
The Federal Reserve Vice Chair Randal K. Quarles said in a recent speech that he was optimistic about the country's economic outlook, which could push the dollar higher in the short term and keep the dollar dominating non-USD currencies.
The US Dollar Index bounced up by around 1% after releasing the minute of Federal Reserve Board on 19 Aug, breaking the record high since this March.
Recently, markets seem to calm down as the U.S. stocks settled higher above early low and the VIX largely shrank 5 percentage points.