arcadegamesdownload| US inflation expectations rise, US dollar index rises on the 10th

Transferred fromArcadegamesdownloadXinhua Finance

Xinhua Finance, New York, May 10th (Reporter Liu Yanan) due to rising inflation expectations in the United States and a significant rise in oil pricesArcadegamesdownloadOn the 10th, the dollar rose against the euro, the Japanese yen and the Swiss franc, while the dollar fell against the pound, the Canadian dollar and the Swedish krona. The dollar index rallied during the day and closed slightly higher in late trading.

The dollar index, which measures the dollar against six major currencies, rose 0% on the day.Arcadegamesdownload.07%, closing at 105 at the end of the foreign exchange market.Arcadegamesdownload. 302 .

Preliminary data released by the University of Michigan that morning showed that the US consumer confidence index was 67.4 in May, significantly lower than market expectations of 77 and 77.2 in April. Consumer expectations for inflation rose to 3.5 per cent a year from 3.2 per cent in April.

Lorie Logan, president of the Dallas Fed, said on the same day that it was not clear whether monetary policy was tight enough to bring inflation back to 2 per cent and that it was too early to cut interest rates.

On the same day, the yield on the 10-year Treasury note rose 4.2 basis points to 4.502 per cent.

And Raphael Bostic, chairman of the Atlanta Fed, said that although he thought inflation would probably fall under current monetary policy, leading the Fed to cut interest rates this year, the Fed might cut rates by only 25 basis points this year and not until the end of the year.

Mark Chandler, chief market strategist at Bannockburn Global Exchange Limited (Bannockburn Global Forex), said the US consumer price index for April, to be released next week, would not change people's perception of inflation. Although the price pressure is still high, it will fall, and the year-on-year increase will fall.

Data released earlier in the day by the British statistics department showed that GDP in the UK grew by 0.6 per cent month-on-month and 0.2 per cent year-on-year in the first quarter, which was better than market expectations, while the previous quarter fell 0.3 per cent and 0.2 per cent respectively from a year earlier. The British economy ended the recession that occurred in the second half of last year.

By the end of the day in New York, the euro was trading at $1.0774, down from $1.0781 the previous day, while the pound was at $1.2528, up from $1.2524 the previous day.

The dollar traded at 155.84 yen, up from 155.45 yen the previous day, 0.9063 Swiss francs to the dollar, up from 0.9059 Swiss francs the previous day, 1.3673 Canadian dollars to the dollar, down from 1.3677 Canadian dollars the previous day, and 10.8377 Swedish kronor to the dollar, down from 10.8505 Swedish kronor the previous day.

Editor: Wu Zhengsi

Tags:

Prev: scratch1| Shanghai gold's main contract closed up 1.17% at 560 yuan/gram: Shanghai silver and SC crude oil rose and fell differently
Next: mystakecasinonodepositbonus| 271 companies received institutional surveys (list attached)