Dollar hit by market pressure

Source: Internet
Author: User
Tian Li Hengfeng Dingyong after Fitch International and standard Poole have given a foreign currency bond AA rating, Moody's, the top U.S. rating agency, announced in a statement that it was no longer clear whether Japan's ability to repay its foreign debt was stronger than repaying its domestic debt and downgraded its triple-A-rated Japanese debt, making it lose its last AAA-rated foreign-debt rating. Observers pointed out that the adjustment or the market again to other developed countries, especially the United States, the credit rating of doubt, for the US, the world's safest borrower, may lose its triple-A rating, the US dollar continues to bear pressure, the United States is unable to continue to break through the decline of the good trend of the channel, the rise of the fall, the electronic quotation chart shows that  The dollar index began to fall around 82.67, with "Yixieqianli" falling over 82.45 and seeking support in 82.15.  Weak beauty refers to the strength of the non-US currency, sterling against the United States dollar, the euro against the dollar and the Australian dollar occasion in the Asian afternoon plate, the U.S. dollar against the Canadian dollar and the Swiss franc fell, while the dollar against the yen is due to the strength of the stock market in the trend of divergence. It has been reported that Britain has begun to engage with foreign sovereign wealth funds to try to sell its holdings of bank shares to help restore confidence in the stock market. The Bank of England reported its largest pre-tax profit since its inception in 2008.  Good news for the banking sector has raised demand for sterling, which has done well against other currencies, with a 200 per cent appreciation against the dollar in Asia and an opening for further appreciation. Japan's central bank is likely to consider raising its overall economic assessment for the first time in 34 months in a two-day monetary policy meeting this week, according to a report by Japanese media in Monday, to show the bottom of Japan's economy.  The Tuesday New Japan March Industrial production annual and monthly rate correction values are in line with the expected and better than the previous value, while the data suggest that the yen has been supported by the recovery, the good performance of the stock market still attracts a lot of money, with the price of the dollar against the yen shaking as the sell-off of the yen's assets and the weakness of the US-fingered currency weaken. The Bank of Australia's May meeting showed that unemployment was expected to be high in the coming year, weak GDP and lower inflation, but members of the MPC were satisfied with the stimulus to the economy from previous policies. Members believe that the Asian economy plays an important role in the recovery and that China's demand will support the growth of Australian ore and coal exports.  Some analysts pointed out that, combined with the RBA's high-level economic recovery in this year's statement, predicted that Australia will not continue to cut interest rates, the Australian dollar in the good news to support the way high, the limelight once covered the strong days of sterling. Forex FX Daily

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