| By Gina Lee Investing.com |
The US dollar rose on Wednesday morning in Asia, and was on hiatus after the jump due to the reappointment of Jerome Powell as chairman of the US Federal Reserve. The New Zealand dollar retreated after a smaller-than-expected rise in interest rates by.
, Which measures the currency in relation to the basket of other currencies, rose 0.08% to 96,573 as of 11:18 PM Eastern time (6:18 PM Israel time).
In the local arena, it strengthens against the shekel and rises 0.18% to a rate of NIS 3,136. It also rises 0.15% and its rate is set at 3.526.
The currency pair dropped 0.11% to 115. On Tuesday, the dollar reached a high of more than four years against the yen, after two-year Treasury bond yields soared to a peak not reached since March 2020, and Federal Reserve futures also already represent a chance for three 2022 rate hikes in 2022.
The pair was down 0.32% to 0.7204, and the pair was down 0.63% to 0.6904.
The pair rose 0.02% to 6.3920, and the pair dropped 0.01% to 1.3373.
RBNZ raised its interest rate to 0.75%, raising its interest rate forecast by 50 basis points, when it announced its policy decision earlier in the day, and the New Zealand dollar fell to 0.5% to $ 0.6915.
Investors expected from the central bank a larger raise and a higher forecast of the interest rate, and then there was a sharp reversal in the course of swaps over interest rates.
“The non-fulfillment of the aggressive expectations gives a possible example of the other markets coming to a similar place, but in the meantime, it may be that the New Zealand dollar will once again be in retreat from a rising dollar,” he said.
As told to Reuters strategist said Spicer from Westpac.
According to him,
“If it falls below $ 0.69, I think there is a danger of falling below 0.68.”
The dollar has reached its highest rate since 2021, and more and more people are betting on the possibility that the Federal Reserve will raise interest rates sooner than expected, in response to continued inflationary pressures. In addition, Powell is expected to respond to inflation sooner and stronger than Lyle Brainard, who also ran for the US Federal Reserve.
On Wednesday, before the holiday that falls on Thursday, the US will release data like,, and.
On the other side of the Atlantic, more than 11% on one trading day, between trading days. The fall of the pound could lead to a further departure of capital and possibly put pressure on currencies of emerging markets around the world.
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