The euro was close to a three-week high on Friday after the European Central Bank’s dovish move last week, but as the Fed’s dollar tightens approaching, further temporary gains seemed strange, examiners said. rice field.
Meanwhile, Bitcoin remained high for about 14 days in the digital money market.
lenders searched US expanded information this Thursday, with a firm assumption that the Fed will raise rates at the March meeting, with the assumption that the Fed will raise rates at the March meeting, a huge 50 possibilities.The € was last traded at $ 1.1451, not far from the high of $ 1.4183 on Friday, which was a high in mid-January. The yen was $ 115.16 a dollar and the real deal was $ 1.35310, both in the new range. It left a dollar file at 95.461 after getting a slow boost on Friday towards the end of the vibrant week for a solid US crew information greenback.
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“If the credit fee market recognizes a more pronounced possibility of a 50 basis point rise in March, there is a potential risk of a US dollar rise in the short term. In any case, ECB Governor Christine Lagarde’s hawkish turn last week recommends covering the potential rise in the US dollar. “Outside of Europe this week, we could push the market further and assess the ECB’s rise, but another significant potential rise in the EUR is unlikely. ”
After Friday’s strong U.S. crew data, the Fed could rise by as much as 50 points in March, with a one-third chance that the market is moving and interest rates are expected to rise 1.5% by the end of the year. It has been.
This raised US two-year yields, maintaining a two-year high of 1.32% as of Monday morning. Benchmark 10-year yields also maintained their rise on Friday at 1.9049%.
This week we also have talks from the Fed and strategic planners from central banks in the UK, Europe, Australia and Canada. Klaas Knot, the governor of the Central Bank of the Netherlands and one of the most combative figures on the ECB’s board of auditors, said on Sunday that growth is expected in the fourth quarter of this year.
Bitcoin traded at around $ 41,800 after rising 11% late Friday. The AUD
was boosted at $ 0.7071 and the Reserve Bank of Australia appeared to be at the timid end of the National Bank’s range.
Australia is also vulnerable to other financial standards, reaching its lowest level since September against the euro on Friday.