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The dollar is heading to record the second quarterly loss in a row
- Time: 03/31/2023 09:52:54
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{Economic: Al Furat News} The dollar is heading towards recording the second quarterly loss in a row, today, Friday, while investors believe that US interest rates are close to their peak.
It seems that the modest support resulting from the demand for safe havens in mid-March is about to expire, after concerns about the banking sector rocked global markets.
The dollar index fell 1.3% during the first quarter of the year, while the euro rose 0.5% overnight after data on inflation in Germany reinforced expectations of further rate hikes in the euro zone.
The euro recorded in the latest trading in Asia a slight rise to $ 1.0, and the dollar rose 0.2% against the yen to 133 yen, while Societe Generale analysts expected that the dollar would remain restricted to a limited range until the impact becomes more evident, but if the US interest rate expectations continue to be re-evaluated, There will be more backtracking.
The New Zealand dollar recorded its highest level in nearly two weeks at $0.6, and declined by about 1% during the first quarter of the year, while the Australian dollar rose 0.2% to $0.6, which is also down by about 1.3% during the quarter.
Eurozone inflation and core personal consumption expenditures in the US are due later in the day.
[You must be registered and logged in to see this link.]
{Economic: Al Furat News} The dollar is heading towards recording the second quarterly loss in a row, today, Friday, while investors believe that US interest rates are close to their peak.
It seems that the modest support resulting from the demand for safe havens in mid-March is about to expire, after concerns about the banking sector rocked global markets.
The dollar index fell 1.3% during the first quarter of the year, while the euro rose 0.5% overnight after data on inflation in Germany reinforced expectations of further rate hikes in the euro zone.
The euro recorded in the latest trading in Asia a slight rise to $ 1.0, and the dollar rose 0.2% against the yen to 133 yen, while Societe Generale analysts expected that the dollar would remain restricted to a limited range until the impact becomes more evident, but if the US interest rate expectations continue to be re-evaluated, There will be more backtracking.
The New Zealand dollar recorded its highest level in nearly two weeks at $0.6, and declined by about 1% during the first quarter of the year, while the Australian dollar rose 0.2% to $0.6, which is also down by about 1.3% during the quarter.
Eurozone inflation and core personal consumption expenditures in the US are due later in the day.
[You must be registered and logged in to see this link.]
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