On Thursday (November 2nd), the US dollar index (106.1761, 0.0278, 0.03%) plummeted because the market's pigeon betting on the Fed and US bond yields declined.Now all the eyes are concentrated on the October Non -Agricultural Employment Report (NFP) announced on Friday. The report may set the tone for the US dollar in the short term and expand its decline.
The Federal Reserve Powell welcomed the latest data, which shows that the US economy is still strong and pointed out that the speed and inflation of employment creation are slowing down.In addition, Powell hinted that the central bank has tightened sharply, and in future decisions, he will take into account the tightening of financial conditions and the cumulative effect of monetary policy.
Following the Federal Reserve announced yesterday, the US dollar index finally weakened, and it is currently possibly fell to 103.85.In the future, it is unlikely to rise in interest rates.At present, market participants will wait for interest rates to decline to realize the long -term reversal of the US dollar index.
