US Dollar nears yearly lows with investors storming into Asian markets

avatar
· Views 241


  • The US Dollar is under pressure after investors are relocating investments. 
  • Recession fears are emerging again for the US after a batch of weak economic data. 
  • The US Dollar Index flirts with a fresh 15-month low and could slip below 100.00 if more selling pressure occurs. 

The US Dollar (USD) trades flat in the early European session on Wednesday after easing against most major Asian currencies, such as the Chinese Yuan (CNY) or the Indian Rupee (INR), overnight. The reshuffle comes after investors relocate their investments from the US to Chinese equities. The move is triggered by a massive stimulus plan from the Chinese government that was implemented on Tuesday. 

On the economic data front, there is a very light calendar ahead, with no real market-moving data on Wednesday. One element that might draw some attention is comments from Federal Reserve (Fed) Governor Adriana Kugler, who delivers a speech about the US economic outlook at the Harvard Kennedy School in Cambridge, Massachusetts. From there, markets will be on edge over the US Q2 Gross Domestic Product (GDP) release, and Fed Chairman Jerome Powell set to speak on Thursday.


면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.

이 글이 마음에 드시나요? 작성자에게 팁을 보내 감사의 마음을 전하세요.
댓글 0

  • tradingContest