The Fed'S Decision Is Uncertain, &Nbsp; The US Dollar Index Fell More Than 1% On Thursday.

Beijing time on the morning of October 29th, out of the right

In the past month, market participants almost confirmed that the Fed will discuss a new large treasury bond purchase plan at the next week's interest rate decision meeting.

Because such quantitative easing measures will significantly weaken the US dollar status, the US dollar has been under great pressure.

As of the closing of the foreign exchange market, the US dollar index was 77.30 points, or 1.09%.

The euro closed against the US dollar at 1.3926 US dollars, or 1.12%, and the pound traded against the US dollar at 1.5929 US dollars, up 0.98%.

Data released by the US Department of labor on Thursday showed that the number of people who applied for unemployment benefits for the first time last week dropped by 21 thousand to 434 thousand, the lowest level since July, lower than the 450 thousand expected by economists.

Bo Lys Schlossberg, head of GFT research, said: "better than expected employment figures may temporarily stabilize the US dollar exchange rate, but it is unlikely to reverse market sentiment.

Traders are still looking forward to the massive stimulus measures the Federal Reserve is about to announce.

On the other hand, German data show that the current unemployed population has fallen below the 3 million threshold.

Driven by news, the euro has expanded.

On Thursday, the main focus of the foreign exchange market is on how the Fed will stimulate economic growth.

The Federal Open Market Committee is scheduled to hold a regular meeting next week, and the new monetary policy resolution will be announced in November 3rd.

Investors and analysts generally believe that the Commission will announce the launch of a new round of quantitative easing, which is equivalent to money easing measures for banknote printing.

The Fed hopes to stimulate lending and spending through new projects to boost economic growth and combat the threat of deflation.

As the executive body of the Federal Reserve, the New York Federal Reserve will carry out the plan.

According to Bloomberg, the latter has asked the Federal Reserve's major bond dealers to assess the impact of quantitative easing measures of different scales on the yield of treasury bonds.

According to Citigroup's monetary strategist's customer report, the yield of 10 - year treasury bonds fell on Thursday, which is also a pressure on the US dollar exchange rate.

The report stresses that the market is still very disturbed by the possible decision of the Federal Open Market Committee.

Since September 20th, the day before the last round of the Fed's regular meetings, the dollar index has fallen by 5%, which has reached the lowest level in 2010.

The euro rose by 6.5% in the same period, reaching the 10 month high in mid 10; the US dollar against the yen dropped by 5.5%, and the lowest level in 15 years was repeated many times.

The US dollar against Japanese yen reported 81.08 yen on Thursday, down 0.80%.

The fall of the US dollar against the yen began on Thursday in a statement by the Bank of Japan.

The Bank of Japan, like market expectations, announced that it would maintain the current interest rate unchanged. However, it said that the next round of regular meetings would be held from November 4th to 5 after the regular meeting of the decision Committee of the Federal Reserve.

According to the previous plan, the next round of interest rate decision meetings should take place on the two day of November 15th and 16th.

Andrew Wilkinson, a senior market analyst for interactive dealers, pointed out that the yen rose on Thursday mainly with the fear of investors.

Because the change of schedule of the Bank of Japan interest rate decision conference, the Bank of Japan will expand its quantitative easing project immediately after the Federal Reserve has announced a considerable scale of asset procurement measures.

The Bank of Japan also released details of the implementation of the asset purchase plan before the bank and lowered its expectations for economic growth in Japan.