The US dollar index is still hovering near a seven week high

Huitong Network3month2Daily News - Thursday（3month2The US dollar index is still hovering near a seven week high, approaching102The integer threshold, therefore former pigeon faction committee member Brainard(Lael Brainard)It also indicates the possibility of the Federal Reserve raising interest rates.

Federal Reserve Director Brainard(Lael Brainard)He is a representative of the dovish camp, but in his speech at Harvard University on Thursday morning Beijing time, he stated that given the improving global economic situation and sustained growth, he should be prepared to raise interest rates soon. He also stated that the Federal Reserve is approaching the dual goals of employment and inflation, allowing for continued moderate rate hikes and inflation rates to gradually move towards the target level.

Brainard said that after serving as an important limiting factor in the past few years, the external environment now seems to be more favorable than in the past period. Pointing directly at a series of risks that led her to support delaying interest rate hikes until the global environment improves. She said that China's recent measures have been helpful, and policy measures such as the European Central Bank patiently continuing to purchase bonds seem to be working.

Brainard's speech changed the previous dovish stance to support interest rate hikes, driving the US dollar index to stabilize overnight gains.

Wednesday（3month1The US dollar index rose significantly as several officials, including Philadelphia Fed Chairman Huck, San Francisco Fed Chairman Williams, New York Fed Chairman Dudley, and St. Louis Fed Chairman Brad, made hawkish remarks.

US two-year treasury bond bond yield has risen1.304%, creating2016year12The highest level in the past month, which is a key measure of short-term inflation expectations.

On Thursday, the data was light, and the market is currently focused on Federal Reserve Chairman Yellen's upcoming meeting on Friday of this week(3month3day)Making a speech, Brainard's speech may solidify expectations that the Federal Reserve will raise interest rates at its next meeting in two weeks.

Technically, if the US dollar index breaks through102.05（11month24The daily high will be further tested102.52（1month9Daily highs) and103.00Near the integer checkpoint. Key focus on the support position below101.76（2month15Daily low point),101.23(Overnight low point) and101.00Near the integer checkpoint.
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