During the US market period, on Thursday, the US dollar/pound (1.2276, -0.0016, -0.13%) and the euro (1.0643, -0.0016, -0.15%) slightly risen. One day, the Federal Reserve has stabilized interest rates, but strengthened the eagle position.It is expected to raise interest rates further by the end of the year.
After the British and Swiss Central Bank maintained interest rates, the pound and Swiss Swiss (0.9052, 0.0011, 0.12%) plummeted. Before the Bank of Japan announced the policy on Friday, the yen/dollar was stronger.
The Bank of England has not raised interest rates at the monetary policy conference since December 2021, thereby ending 14 consecutive interest rate hikes.
The Fed stabilizes interest rates in a range of 5.25%-5.50%, which meets market expectations on Wednesday, but its officials have shown that they are increasingly believed that the eagle policy can successfully reduce inflation without destroying the economy or causing a large number of unemployment.
In addition to raising interest rates again this year, the latest Federal Reserve's latest forecast shows that by 2024, interest rates will be tightened significantly compared to previous expectations.
Dollar
The US dollar index fell, and traders made a profit near a few months.As traders responded to Powell's comment, US Treasury yields are rising.Whether the US dollar index will get any downside is yet to be observed, because Powell is quite a hawk at yesterday's press conference.
Euro/USD
Most of the euro/dollar when traders digest Powell's words, most of them are bland.From the perspective of the overall situation, the euro/USD may still face pressure because the European Central Bank looks more faction than the Federal Reserve.
If the euro/dollar remains below the level of 1.0670, it will move towards the next support level, in the range of 1.0520–1.0550.
British/USD
After the British/USD maintained interest rates at 5.25%in the British Bank, a new low was tested.Analysts expect the Bank of the United Kingdom to raise interest rates to 5.5%, so the Bank of England is more pigeon than expected.
If the British/USD is closed below the 1.2300 support line, it will go to the next support level, that is, 1.2180–1.2200.
US dollar/Canadian dollar
The US dollar/Canada tried to stabilize above the resistance level of 1.3500–1.3520, but lost power and fell.The oil market rebounded after yesterday's callback, which is beneficial to Canada.
If the US dollar against Canada (1.3478, 0.0002, 0.01%) is stable above the resistance level of 1.3520, it will move towards the next resistance level at the range of 1.3675–1.3700.
Dollars/yen
Although the US dollar/yen has risen, the US Treasury bond yield has risen, but it still has fallen.Traders are worried that if the US dollar/yen is close to 150 levels, the Bank of Japan will intervene, so they are not ready to increase the biological positions to more than 148.00.
From a technical point of view, the US dollar/yen still stays below the resistance level of 148.00-149.00.At some point, profitability may cause substantial callback.
