PT Solid Gold Berjangka | Dollar At One-Month High As Rate Cut Expectations Ease On Fedspeak

01:24 17 January in Commodity, PT SGB, SOLID GOLD BERJANGKA | SOLID GROUP

DOLLAR GBP/USD USD/JPY, PT SGB Solid Group SG Berjangka Solid Gold Berjangka

Solid Gold Berjangka | This passage provides an overview of the current state of the dollar index and major currencies. Here’s a summary:

  1. Dollar Index at One-Month High: The dollar index, measuring the U.S. dollar against a basket of currencies, is at a one-month high, reaching 103.35. This level is the highest since December 13.
  2. Fed Governor’s Remarks: Federal Reserve Governor Christopher Waller’s remarks have influenced the market. He indicated that the Fed should not rush towards interest rate cuts despite being close to the 2% inflation goal. This has lowered expectations for a March rate cut.
  3. Market Expectations: The probability of a rate cut in March has decreased from 76.9% to 62.2%, according to CME’s FedWatch Tool.
  4. Euro’s Performance: The euro is near a one-month low at $1.0875, following its steepest one-day percentage drop in two weeks. Comments from ECB policymakers have added uncertainty about the timing of rate cuts.
  5. Sterling’s Movement: The British pound is largely unchanged at $1.2636 after a sharp fall on Tuesday, attributed to data showing a slowdown in British wage growth in the three months through November.
  6. Yen’s Pressure: The Japanese yen is under pressure, standing at its lowest since early December at 147.45 per dollar. U.S. bond yields ticking up are supporting the dollar.
  7. Chinese Economic Indicators: Eyes are on top-tier Chinese economic indicators for December, including fourth-quarter growth, expected to have slowed to 1% in the October-December period from 1.3%.
  8. Upcoming ECB President’s Remarks: Further repricing is expected based on remarks by European Central Bank (ECB) President Christine Lagarde later in the day.

This information provides insights into the current dynamics of the currency market, influenced by central bank remarks, market expectations, and economic indicators.