Wonderful introduction:
Optimism is the line of egrets that are straight up to the blue sky, optimism is the thousands of white sails beside the sunken boat, optimism is the lush grass that blows with the wind on the head of the parrot island, optimism is the falling red spots that turn into spring mud to protect the flowers.
Hello everyone, today XM Foreign Exchange will bring you "【XM Group】: Collection of positive and negative news that affects the foreign exchange market". Hope it will be helpful to you! The original content is as follows:
U.S. employment market cools down: On September 3, the JOLTS report released by the U.S. Department of Labor showed that job vacancies decreased by 176,000 to 7.181 million in July, lower than the market expectations of 7.378 million, a 10-month low. Recruitment activity grew moderately, layoffs rose, and the job market continued to show signs of slowing. This strengthens the market's bet on the Fed's interest rate cut in September, with the US dollar index under short-term pressure after the data was released.
Many countries reduce their dependence on US dollar assets: Recently, central banks, sovereign funds, etc. in many countries have sent signals of reducing their dependence on US dollar assets. Swiss National Bank Deputy Governor Antoine? Martin said that if diversified investment is made, a large part of the US dollar position needs to be allocated to the euro. ASEAN has pledged to promote the use of its currency in trade and investment in its strategic plan, and the Brazilian president has also called for a reduction in reliance on the US dollar. This trend may lead to a decline in international demand for the US dollar, putting pressure on the US dollar exchange rate.
The exchange rates of the US dollar against various currencies fell: On September 5, the exchange rates of the US dollar against the euro, the yen, the pound and other currencies all fell to varying degrees. Among them, the US dollar exchange rate against the Japanese yen opened around 143.32 yen in the early trading session, down 1.92 yen from the previous trading day. The weakening of the US dollar is positive for other currencies.
Canadian dollar appreciates against some currencies: On September 5, the exchange rate of the Canadian dollar rises against Lesotho Loti, Moldovan Leu, Costa Rican Colon, Ghanaian Cedi, Nepalese Rupee and other currencies. This may be related to Canada's own economic fundamentals or related policies, giving the Canadian dollar an advantage in exchange with these currencies.
The RMB exchange rate expectations are optimistic: RMBThe inter-price has steadily appreciated for four consecutive months. In July, the supply and demand situation of the foreign exchange market continued to improve, and the oalcs.cn exchange rate rose. Looking ahead to September, with the backdrop of a moderate rebound in the US dollar and a stable tariff expectation of Sino-US tariffs, with the continued efforts of policies to stabilize exchange rates and stabilize growth and the improvement of market expectations, the RMB exchange rate is expected to gain a certain momentum of appreciation.
Overall, the current foreign exchange market is affected by a variety of factors. The US employment market data and the trend of de-dollarization in many countries have put a lot of pressure on the US dollar exchange rate, while currencies such as the Canadian dollar and the RMB show a relatively strong side to varying degrees. Investors need to pay close attention to the subsequent development of these news and changes in related economic data in order to make reasonable investment decisions.
The above content is all about "【XM Group】: Collection of positive and negative news that affects the foreign exchange market". It was carefully oalcs.cnpiled and edited by the XM Forex editor. I hope it will be helpful to your trading! Thanks for the support!
Only the strong know how to fight; the weak are not qualified to fail, but are born to be conquered. Step up to learn the next article!