Banda Asia: Federal Reserve officials make hawkish remarks The US index benefited from a slight increase

FOMCLong term voting committee member Du Deli said in an interview with reporters earlier that the reasons for tightening policies have greatly strengthened; May raise interest rates in a relatively short period of time; "Raising interest rates soon" means the near future. He also stated that it is expected that the Federal Reserve will continue to withdraw its loose policy; The Federal Reserve has done an excellent job in fulfilling its dual mission. He pointed out that market sentiment has significantly improved, but the improvement in market sentiment has not been translated into consumption. Dudley stated that under specific conditions,3%The economic growth rate is possible; If productivity improves and economic growth exceeds3%It is possible to achieve it; A good fiscal policy can absorb the burden of more economic stimulus. In addition, Williams stated in his morning speech that,3Monthly interest rate hikes are being seriously considered; The Federal Reserve needs to gradually raise interest rates to avoid economic overheating. He expressed confidence in the healthy growth of the economy; Inflation is moving towards2%The goal is to achieve full employment nationwide, and the Federal Reserve is very close to achieving employment and inflation targets. He also stated that independence is the only and most important characteristic of the Federal Reserve.


In addition, the newly appointed Deputy Governor of the Bank of EnglandCharlotte HoggYesterday, it was stated that the Bank of England will need to at least12to18Transition will take place in the next month. In his first statement to the Special Committee of the Ministry of Finance,HoggThe banking industry needs time to change its operational model, adapt to new employment terms, and establish risk control. butHoggHe also added, "Fortunately, we have excellent talents and systems in London that are not available elsewhere." During the Q&A session,HoggIt also agrees with the statement made by the Governor of the Bank of England that Brexit is not the biggest risk to financial stability in the UK. "The previous stress tests have shown that we have sufficient capital liquidity to cope with some unexpected events, but we also need to be aware that the situation may change rapidly and be prepared for it."HoggSay. She claims that risks such as cybersecurity are more significant due to their unmeasurable nature. Meanwhile,HoggHe also expressed no fear of challenging President Carney to fulfill his duties.

The data that needs attention today is China2Yuecai New Manufacturing IndustryPMIGermany2Unemployment rate after quarterly adjustment, Eurozone2monthMarkitmanufacturingPMIFinal value, UK1Monthly central bank mortgage loan permit, UK2monthMarkitmanufacturingPMIGermany2monthCPIAnnual rate initial value, United States1monthPCEPrice index annual rate, United States1Monthly personal expenditure rate, US2monthMarkitmanufacturingPMIFinal value and the United States2monthISMmanufacturingPMI. In addition, the important speech delivered by US President Trump in the morning and the interest rate resolution announced by the Bank of Canada today both require everyone's attention.

USD Index

The US dollar index hit bottom and rebounded yesterday, with a slight daily increase. The current exchange rate is trading at101.50Nearby. The fourth quarter of the United States, which underperformed expectations during the periodGDPOnce suppressed the decline of the US dollar index and lost ground101.00Gateway. However, under the cautious operation of investors before short covering and Trump's speech, the rapid rebound of the US dollar index basically recovered all the previous losses. Subsequently, supported by hawkish statements from Federal Reserve officials Dudley and Williams, the US dollar index rose and ultimately closed higher. Follow Today102.00Nearby pressure situation, supported below101.00Near.


euro/dollar

The euro rose yesterday and then fell, with a slight daily decline. The current exchange rate was traded at1.0560Nearby. The US dollar index performed weakly in the fourth quarterGDPDefeated under the pressure of data101.00The checkpoint once supported the euro to climb and break through1.0600Pass and refresh1Weekly high. However, the good times did not last long, as the rebound in the US dollar index and hawkish remarks from Federal Reserve officials heated up3Under the pressure of expectations for a monthly interest rate hike, the euro quickly fell and ultimately closed lower. Follow Today1.0650Nearby pressure situation, supported below1.0450Near.

pound/dollar

The pound fluctuated and fell yesterday, with a slight daily decline. The current exchange rate was traded at1.2370Nearby. Apart from concerns about Brexit and lingering concerns about Scotland holding a second referendum, the Federal Reserve continues to exert pressure on the pound3The expected rate hike for the month, influenced by hawkish comments from Federal Reserve officials Dudley and Williams, has also heated up, which is an important factor in putting pressure on the decline of the pound. However, prior to President Trump's important speech, investors remained vigilant and limited the downside space of the exchange rate. Follow Today1.2300Nearby support conditions, upper pressure1.2450Near.