FX168 Financial News (Hong Kong) News, the US dollar long-term outbreak occurred ahead of the global annual bank meeting of Jackson Hole? Just today (Tuesday, August 22) afternoon, the foreign exchange market exposed a big news: the dollar rebounded across the board, the euro, the yen, the pound sterling all "falling down"... Analysts pointed out that the dollar's short position fell, and investment People buy dollars for profit-taking or bargain-hunting, and Yellen’s speech on Friday or the risk of raising the dollar! In addition, on the day of the US-South Korea military exercise, North Korea issued another warning! According to foreign media reports, the US military commander plans to issue a warning to North Korea at a press conference later today. The Korean Peninsula crisis is coming back!
Big market: The dollar rebounded across the board...
In the European market on Tuesday, the US dollar index rebounded across the board, rising to 93.51, which is expected to end the decline in two consecutive trading days. Foreign media said that European traders said that investors bought dollars for profit-taking or bargain hunting.
US dollar index chart source: FX168 financial network
HSBC wrote that it is expected that short-term dollar short positions will continue to decrease. According to Reuters, the CFTC's latest position data shows that as of the week of August 15, speculative dollar short positions recorded a decrease of 21,957 hands, ending the seven-week continuous increase.
The bank said that the Fed will not decide whether to raise interest rates until December, and there is no new catalyst in the financial sector. The US budget and debt ceiling have not yet affected the US dollar, so the US dollar is expected in the next few weeks. Will grow moderately.
In addition, HSBC said that the US dollar suspended its depreciation trend in August, indicating a decrease in short positions; the US dollar index is expected to rise above 95.25 on the 50-day moving average.
The most important nuclear bomb this week is the Jackson Hole Global Central Bank Annual Meeting held from the 24th to the 26th. Fed Chair Yellen and European Central Bank President Draghi will all deliver a speech...
Rodrigo Catril, currency strategist at National Australia Bank in Sydney, said that Yellen’s attendance at the Jackson Hole Conference was a potential upside risk for dollar and US Treasury yields.
Analysts pointed out that the full-line rebound of the US dollar today is also thanks to the continued decline of the euro. The market expects that the monetary policy message released by ECB President Draghi at this week's annual meeting of the Jackson Central Bank will be cautious and undoubtedly suppressed. The trend of the euro.
“The euro has become somewhat fragile after it has recently risen, and unless Draghi makes an important speech, we predict that the euro will continue to be under pressure,†said Piotr Matys, currency strategist at the Dutch cooperative bank in London.
Two informed sources told Reuters last week that the European Central Bank (ECB) president Draghi will not issue new policy information at the Jackson Hole meeting. This has weakened expectations that the European Central Bank is about to begin planning to withdraw from the stimulus.
After the euro/dollar hit a two-and-a-half-year high of nearly 1.1910 in early August, kinetic energy was lost, and investors were pondering the cautious tone of ECB policymakers reflected in the ECB's July meeting record.
Analysts said that Draghi would be cautious and avoid commenting on the possibility of pushing the euro above $1.20, which is considered sensitive by eurozone policymakers.
“It’s hard to see Draghi’s expectation of quantitative easing reductions in the euro. Instead, he may choose to reiterate the management’s doubts about the currency market’s excessive reflection on the normalization of the ECB’s policies,†said Viraj Patel, an strategist at Anzhi.
Regarding the pound: the dollar rebounded across the board, the pound/dollar fell sharply during the day, refreshing two trading day lows of 1.2838. In addition to the dollar's rebound, the uncertainty of the Brexit negotiations and the weak economic data to suppress the central bank's interest rate hike expectations also led to the pound's pressure.
Other currencies: USD/JPY rose for the first time in five days, after falling 1.5% in the previous four days. AUD/USD fell below 0.79, refreshing two trading day lows of 0.7899; NZD/USD refreshed two trading day lows of 0.7292; USD/CHF refreshed daily high of 0.9662...
North Korea warns the United States how to respond to the US night?
FX168 Financial Network yesterday was in an article entitled "Alarm! This week--the White House chaos and the situation on the Korean peninsula are likely to expose big news again? It is mentioned that the US and South Korea military exercises or angered North Korea. North Korea believes that the military exercise is aggressive and aims to subvert North Korea.
Analysts pointed out that the US-South Korea military exercise may intensify the sentiment of the North Korean side, and the situation on the peninsula is expected to heat up further. Sure enough, North Korea on Monday warned that the United States ignored the North Korean warning of the US-South Korea military exercise and would face no intelligence recovery!
According to a report from the Korean Central News Agency, an unnamed military spokesperson said that North Korea said that if the United States thinks that North Korea will sit idly by the joint military exercise, it will make a wrong judgment.
The Korean Central News Agency said that the ongoing military exercise and the visit of US military officers to South Korea created conditions for launching a "simulated war" on the Korean peninsula.
Yonhap News quoted an unnamed South Korean government official as saying that North Korean leader Kim Jong-un inspected a sentry near the border in early August, about one kilometer from the guard post at Luanchuan County, South Korea.
Yonhap said that the South Korean military believes that the inspection is unusual and is prepared to prevent possible military provocation by North Korea.
The DPRK Central Committee said that the United States should keep in mind that North Korea is closely watching the United States’ actions, and that North Korea’s “finger fingers are on the trigger and ready to fire and punishâ€.
Today, the Yonhap News Agency did not quote sources as saying that the three senior US military commanders visiting South Korea planned to issue a warning to North Korea at a press conference later today.
Analysts pointed out that if the tension between North Korea and the United States escalates into a military conflict, the yen will initially rise, but if Japan suffers any direct losses, the yen may face heavy selling pressure.
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