U.S. Dollar Extends Slide As Traders Pause Rate Cut Speculation
18 4월 2024 - 11:44AM
RTTF2
The U.S. dollar continued its early weakness against other major
currencies in the Asian session on Thursday, as traders speculate a
pause on rate cut following remarks by U.S. Federal Reserve Chair
Jerome Powell.
Powell suggested rates are likely to remain higher for longer
amid a "lack of progress" toward reaching the central bank's
inflation goal. The Fed chief's remarks came as recent data showing
sticky inflation along with continued economic strength have led to
reduced expectations of a rate cut in June.
According to CME Group's FedWatch Tool, the chances of a
25-basis point rate cut in June have tumbled to 16.4 percent
compared to 55.2 percent just a week ago.
Traders await the U.S. reports on weekly jobless claims,
existing home sales and Philadelphia-area manufacturing activity
due later in the day.
The safe-haven currency or the U.S. dollar traded lower against
its major rivals on Wednesday.
In the Asian trading now, the U.S. dollar fell to a 6-day low of
1.0681 against the euro and a 2-day low of 153.96 against the yen,
from Wednesday's closing quotes of 1.0671 and 154.38, respectively.
If the greenback extends its downtrend, it is likely to find
support around 1.09 against the euro and 148.00 against the
yen.
Against the pound and the Swiss franc, the greenback edged down
to 1.2472 and 0.9096 from yesterday's closing quotes of 1.2446 and
0.9106, respectively. The greenback may find support around 1.28
against the pound and 0.89 against the franc.
Against Australia, the New Zealand and the Canadian dollars, the
greenback slid to 3-day lows of 0.6457, 0.5929 and 1.3750 from
yesterday's closing quotes of 0.6434, 0.5915 and 1.3770,
respectively. On the downside, 0.66 against the aussie, 0.61
against the kiwi and 1.35 against the loonie are seen as the next
support levels for the greenback.
Looking ahead, Eurozone current account data for February and
construction output figures for February are due to be released in
the European session.
In the New York session, U.S. weekly jobless claims,
Philadelphia-area manufacturing activity for April and U.S.
existing homes sales for March are slated for release.
Euro vs US Dollar (FX:EURUSD)
외환 차트
부터 4월(4) 2024 으로 5월(5) 2024
Euro vs US Dollar (FX:EURUSD)
외환 차트
부터 5월(5) 2023 으로 5월(5) 2024