The US GDP Growth Rate Increased By &Nbsp In The Three Quarter, And The US Dollar Fell On Friday.

On Friday morning, Beijing time, on Friday, investors adjusted their positions before the Fed's interest rate decision meeting, while data showed the US economy.

End

The euro fell to 0.24% against the US dollar at $1.3895, while the US dollar traded at 80.48 yen, or 0.68%, near the new 15 year low of 80.41 yen earlier this week.

The lowest level of US dollar against Japanese yen was 79.75 yen, which was set at 19 in April 1995.

The pound traded against the dollar on Friday at $1.6018, up 0.50%.

A week away, the euro fell 0.3% against the dollar, the US dollar index fell 0.3%, the US dollar fell to 1.3% against the Japanese yen, and the pound increased 2.2%.

In October, the euro rose 2.1%, the US dollar index fell 1.9%, the US dollar fell to 3.8% against the Japanese yen, and the pound rose 2%.

The dollar has been under great pressure since the last round of the September 21st interest rate decision conference.

It is widely believed that the Federal Reserve will launch a new round of asset procurement projects to further lower real interest rates, thereby promoting borrowing and spending.

However, because such measures usually mean increasing the money supply to the financial system, the valuation of the US dollar is a negative factor.

The Federal Open Market Committee of the Federal Reserve's interest rate decision committee will hold a regular meeting next Tuesday and Wednesday two days. It is widely believed that more quantitative easing measures will be announced after the meeting.

Morgan Stanley, senior currency strategist Ron Levin pointed out, "we expect that the procurement of the Federal Reserve will be carried out on a scale of US $100 billion per month."

However, the report also indicated that the Fed might not give specific purchases in the statement as expected.

{page_break}

"We also believe that the Fed will adopt a more open approach rather than a specific goal," the report said.

However, the signals from the Fed are obvious: they are always ready to take any necessary measures.

I don't think a quantitative easing measure that lacks specific target figures can make the market worry to what extent.

Levin also stressed that because the ECB adopted a completely different approach to monetary policy and the Fed, it believed that the US dollar would continue to fall against the euro until the end of this year.

The European Central Bank has already pushed for tighter monetary policy by allowing lending rates to rise, suggesting that the ECB is not opposed to a strong euro.

According to Morgan Stanley's prediction, the euro will reach US $1.46 by the end of the year.

The bank revised the forecast on Friday, with a previous figure of $1.36.

On Friday, the US Department of Commerce released the US third quarter GDP growth rate of 2%, which is basically in line with market expectations and higher than the 1.7% growth rate in the second quarter.

Bo Lys Schlossberg, head of GFT monetary research, said, "GDP data is certainly not bad.

Therefore, the most likely decision of the Fed is a gradual and gradual quantitative easing project rather than a one-time large-scale monetary injection.

Friday's report showed that the US consumer confidence index slipped slightly in October.

The US dollar exchange rate continued to decline after the data was released.

Barclays Capital analyst pointed out in Friday's report that the dollar's future decline will be very limited as the market's concerns about possible quantitative easing measures are fully reflected in the current price: the dollar will rebound even after the regular meeting of the Federal Open Market Committee.

The current price has included a fairly large scale of quantitative easing measures. We do not think that any item of the Fed will exceed this target.