The US dollar index has regained some of its previous lost ground

Huitong Network2month24Daily News - Friday（2month24The US dollar index has regained some of its previous losses, but the weekly trend may still fall as the previously released minutes of the Federal Reserve meeting and the speech of US Treasury Secretary Nuchin have disappointed the US dollar bulls.

Asian Market Review: The impact of dovish Federal Reserve minutes is still ongoing, and the weekly trend of the US index may fall

The US dollar failed to shake off the Federal Reserve on Wednesday（2month22The pressure brought by the meeting minutes released on (date). Therefore, the minutes of this meeting did not meet the market's previous expectations of a tough stance.

Private client group investment manager of an American bankBill NortheyMarket participants are still digesting the Federal Reserve1Monthly meeting minutes, and the interpretation of these minutes seems to have two different camps--Believing that the tone is more hawkish or dove like--At present, it seems that the dovish interpretation has the upper hand.

In addition, the speech by US Treasury Secretary Nuchin also put pressure on the US dollar. In his first television interview since taking office last week, he told Fox Business News that any policy measures taken by the Trump administration may have limited impact this year.

Nuqin to NBC Business News(CNBC)He expressed his desire to participate in Congress8Before the monthly recess, I saw the approval of the tax reform plan, which met the expectations of many investors. However, it disappointed those who hoped for faster approval of the reform and wanted to know more details.

Tokyoforeign exchangeResearch companyGlobal-info Coexecutive directorKaneo OginoIt has been a month since Trump took office as President of the United States, and we are still waiting to see what he can do, especially in terms of tax reform. At the same time, no one wants to raise the price to buy the US dollar, and it all depends on US interest rates, which are still relatively low, so the trend of the US dollar remains sluggish.
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