Eurozone Officials Are Sticking To The Euro And Are Concerned About Euro Zone GDP.

(P) on Wednesday (April 2nd), New York dollar index fell slightly, the euro rose slightly against the US dollar, and the US dollar continued strong against the yen.

Traders focused on Friday's non farm data and had little response to the US economic data released during the day.

A number of eurozone officials said that there was no risk of deflation in the eurozone, which supported the euro's rise.

Within days, investors need to be concerned about GDP data in the euro area, which will become an important basis for investors to predict the content of the resolution before the European Central Bank (micro-blog) resolution on Thursday. In addition, the ADP employment figures and investors in factory order data also need to be concerned.

< /p >

< p > US dollar index to 80.086, lower than the two week high 80.296 hit on Monday. On the same day, less than a href= "http://www.91se91.com/news/index_c.asp" > Federal Reserve "/a", President Yellen is sticking to the loose monetary policy of the Federal Reserve, and is expected to pour cold water for the us to raise interest rates early next year.

Yellen said Monday that the Federal Reserve's "unconventional" measures to boost the economy need to continue for some time, especially when the performance of the job market is still struggling.

This speech contradicts her speech in March suggesting that the United States may raise interest rates in early 2015.

< /p >

< p > > a href= "http://www.91se91.com/news/index_c.asp" > Euro > /a > rise, which is supported by data showing the decline of euro area prices, and many eurozone officials have made comments, pointing out that there is no risk of deflation in the euro area and supports the euro's rise.

The European Central Bank Deputy Governor pointed out that there is no deflation in the euro zone; Italy's finance minister pointed out that there is no evidence of deflation in the euro zone.

< /p >

Euro P rose for third consecutive days against the US dollar, rising 0.17% in New York trading session.

Most traders expect that the ECB will not further relax its policy at the Thursday policy meeting, even if inflation dropped to 0.5% in March.

< /p >

Shaun Osborne, a foreign exchange strategist at Dow Ming securities, pointed out that compared with us manufacturing data, eurozone manufacturing data showed that manufacturing activity slowed in March and manufacturing output in March shrank for the third consecutive month in March.

US manufacturing data boosted the US stock market and pushed up some Treasury yields.

However, foreign exchange traders did not respond to manufacturing data. They were concerned about the March non farm employment report released on Friday.

< /p >

The P > a href= "http://www.91se91.com/news/index_c.asp" > US dollar < /a > hit the high of 103.71 yen. This was the highest in January 23rd, before the US Supply Management Association (ISM) announced, the March manufacturing index rose to a small increase to second months in a row, estimated to be 54, and 53.2 in February.

< /p >

The yen fell earlier, and the Japanese central bank's short term survey triggered the market's doubts about whether Japan's economic activity will continue to improve. P

Analysts said that the short market survey still makes the market expect that the Bank of Japan will further relax its policy once it proves that the impact of Japan's consumption tax increase is worse than expected.

< /p >

< p > Yujiro Gato, a strategist at Nomura market, said that if Japan's economic data were obviously weak, the BoJ might relax its policy, but they expected that the central bank would not relax its policy in the short term. It might have to wait until the third quarter.

Those who expect the BoJ to relax policies in the near future will be disappointed.

However, it should be bought when the US dollar fell against the yen. They expect the US dollar to rise to 104 yen in the end.

< /p >

Jane Foley, senior currency strategist at P Rabobank, said the Federal Reserve is gradually withdrawing its monetary stimulus plan, and the Bank of Japan's further easing policy is expected to lower the yen.

< /p >

< p > 5:28 Beijing time, the US dollar index was 80.09/11, the US dollar was 103.66/68 against the yen, and the euro was 1.3792/94 against the US dollar.

< /p >