The US Dollar Fell &Nbsp After A Continuous Rise; The Central Parity Of RMB Increased.
Dollar gains ended
The US import price rose 0.4% in February, larger than expected, making the market to the United States. inflation There is worry about heating up. The US Treasury bond yield has soared, raising the average return level of US dollar assets, which has made the US dollar rise against major trading currencies.
The US economic growth showed a more solid sign: the number of unemployed Jin people fell to a four year low at the beginning of the week, manufacturing activity also showed a warming trend, the manufacturing index of New York and Philadelphia fed rose, and the producer price index in February showed the biggest increase in five months.
But the US economic data have limited support for the US dollar, because the euro is the key supporting position against the US $1.2970, and the market is expected to face strong resistance against the yen in the 85 tier. The partial profit making sell-off made the dollar down, and the US dollar fell against the main trading currencies.
The Federal Reserve has slightly raised the forecast for us economic growth, which has reduced the urgency of the Federal Reserve's further easing of stimulus policies. The market's expectation for the US's third round of quantitative easing policy has also temporarily subsided.
In recent years, the US dollar index still has an upward trend in the absence of new significant focus. China's foreign exchange traders expect the US dollar index to be underneath the 80 integer pass and the upper resistance is 81.
Euro declines
Greece confirmed the news of aid and drove market risk appetite to pick up. Fitch's rating agency raised the rating of Greece from "restrictive default" to "B-". The rating outlook was stable, and the review of existing Greek bonds was withdrawn. Fitch said debt swap and loss of creditors have reduced Greece's risk of repayment difficulties in the near future, but Greece still has serious default risk in view of its high debt level and severe economic challenges. This is the first rating agency to increase Greece's rating.
However, IMF officials also warned Greece that it is urgent to reform and reduce the deficit. The worries over the European debt problem in the short term can be alleviated for a while, but a radical cure is a long way to curb the long-term rise of the euro.
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