Anglo American Macro Data Is Good &Nbsp; Sterling Dollar Rises On Tuesday.
On Tuesday morning, Beijing time, on Tuesday, British official data showed that when the economic growth of the quarter was stronger than the market expectations, the Bank of England's expectation of easing monetary policy would be eased.
Pound
A strong rebound of more than 1%; while the US consumer confidence index rose slightly in October, favorable data impetus.
dollar
The exchange rate rebounded against a wide range of major currencies.
End
foreign exchange market
At the close, the US dollar index of six major currencies was reported at 77.70 points, or 0.78%.
The pound fell to 0.76% against the dollar on Tuesday at $1.5833.
Earlier, the pound rose to $1.5896.
But over the past year, the pound has fallen by more than 2% against the dollar.
The pound closed 1.1434 euros, up 1.48% against the euro.
On Tuesday, data released by the office of national statistics showed that the UK's GDP growth in the third quarter was 0.8% year-on-year.
On the other hand, the rating agency Standard & Poor's reiterated the British AAA rating and upgraded its outlook from negative to stable.
Standard and poor's said that taking into account the British government's report on government expenditure released last week, it has confidence in the British government's willingness to cut deficits.
The trend of sterling has been further boosted.
Sterling's recent trend is constrained by two factors: first, the market's anticipation of more monetary easing measures by the British monetary policy committee, but the concern that the government's deficit reduction plan may weigh on economic growth.
Barclays Capital currency strategist A Lope Chatterjee pointed out that "inflation is higher than expected, and growth momentum has been maintained. I think further quantitative easing is hard to get support."
He stressed that "the committee will not consider easing monetary policy next week, which means that the pressure on sterling is much smaller than the market believes."
In the current market, the main concern of investors on macro data is how it will affect the decision of the next round of quantitative easing.
Analysts have pointed out that the total amount of the next round of bond purchases by the Federal Reserve may reach $2 trillion.
However, the market believes that the Federal Open Market Committee is unlikely to publish detailed plans in next week's meeting.
Greg Anderson, a senior foreign exchange analyst at Citigroup, said: "the Federal Open Market Committee is very enthusiastic about the second round of quantitative easing, so the new measures will come in some form.
The problem now is that an acceptable growth situation may bring about a weak quantitative easing: this will keep the euro going against the US dollar to a new high. "
Meanwhile, data on Tuesday showed that US housing prices rose by 0.4% in August, while the consumer confidence index increased slightly in October.
Two sets of data helped the US dollar expand.
The euro dropped to $1.3847 against the US dollar, or 0.71%, while the US dollar against Japanese yen closed at 81.53 yen on Tuesday, up 0.94%.
In the European trading session on Tuesday, the US dollar rose to 80.81 yen.
The yen exchange rate has hardly changed during the Asian trading session.
Japan's chancellor of the exchequer Noda Kahiko said at a news conference on Tuesday that "the yen exchange rate on Monday is somewhat one-sided.
I will continue to pay close attention to the trend of the foreign exchange market. "
The yen reached a 15 year high against the dollar on Monday.
The Swedish central bank announced on Tuesday that it would raise its repo rate.
However, the Swedish central bank also said that due to uncertain global economic growth prospects, the interest rate will not be adjusted any more in the future.
The new interest rate rose from 0.75% to 1%.
The US dollar fell to SEK 6.7296 against SEK, or 2.11%, while the euro rose by 1.39% to SEK 9.3185.
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