AED
USD 0.27
AFN
USD 0.01
ALL
USD 0.01
AMD
USD 0.00
ANG
USD 0.56
AOA
USD 0.00
ARS
USD 0.00
AUD
USD 0.66
AWG
USD 0.56
AZN
USD 0.59
BAM
USD 0.55
BBD
USD 0.50
BDT
USD 0.01
BGN
USD 0.55
BHD
USD 2.66
BIF
USD 0.00
BMD
USD 1.00
BND
USD 0.74
BOB
USD 0.14

A Significant Rise in Asian Currencies

0 30

Asian currencies experienced a significant rise on Wednesday as U.S. consumer price data released the previous day strengthened market expectations of a potential interest rate cut by the Federal Reserve by May 2024. The decline in consumer prices and a slower-than-expected rise in core inflation over the past two years led to an earlier expectations of softening interest rate hikes, resulting in a bullish mood across Asian markets.

In response to inflation data, yields on U.S. Treasury bonds fell, with the yield on the two-year approaching 4.80% and the yield on the 10-year at 4.44%. This decline in yields increased expectations of a more accommodative stance from the Federal Reserve regarding monetary policy.

The U.S. dollar index, which measures the U.S. currency against a basket of other major currencies, fell to around 104, indicating a shift in investor sentiment towards high-risk assets

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

 

Leave A Reply

Your email address will not be published.