Stock Market Bond Market Implicates US Dollar Exchange Rate Battles To Become White Hot
< p > overnight dollar index fell sharply, once hit 80.34 of the intraday high point, but it was subsequently dragged down by the sharp decline of US bond yields, and the yield of us 10 year treasury bonds hit a low of seven months on Thursday and fell below 2.5%. The risk aversion of the market has become the main reason for the decline in US bond yields.
In addition, the figures released by the United States and the impact of next week's European parliamentary election and the decline in the US stock market also put pressure on the US dollar.
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< p > a cross star with long hatched shadows is recorded.
Although the final trend of market returns to the initial starting point of Thursday, it is easy to see that overnight foreign exchange market is still particularly volatile after entering Europe and America.
The recent trend in the US dollar and US bond yields, which is more obvious, is once again widely mentioned in the market.
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< p > < strong > financial market turmoil. The US dollar is implicated. < /strong > /p >
In the past two months, the rise in treasury bond prices has almost become a trend in the foreign exchange market for most of the time. Therefore, the US dollar trend has a very obvious positive correlation with the yield of the 10 year treasury bonds in the United States, and against this background, the US dollar seems to be less and less like the traditional hedging currency. P
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< p > Euramerican market, no matter bond market or stock market, all fluctuate fiercely, foreign exchange gold is also beating up and down. The 30 year US bond yield reached a 11 month low.
The European Central Bank lowered its inflation expectations, the market expected further easing policy and German bond yields plummeted.
The Greek 10 year bond yields surged by more than 50 basis points, thanks to a sudden announcement from Greece that capital gains tax would be imposed on foreign investors holding the national debt.
In addition, the stock market in Europe and the United States suffered a heavy setback.
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< p > the US stock market went down on Thursday. The Dow recorded the largest single day decline in a month, because small stocks maintained a downward trend in the last trading day, and WAL-MART's performance was disappointing. The data released by the United States on that day were mixed, and also increased the wait-and-see sentiment of investors.
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< p > in addition, the US economic data released yesterday were mixed. In April, the US industrial production slowed down more than a year and a half ago. But last week, the unemployment gold man hit a 7 year low, and the consumer price index recorded the largest increase in 10 months in April.
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< p > after the strong consumer price index, the jobless claims index and New York manufacturing data released, the US bond yields were pushed up.
But with investors returning to the bond market and clearing their empty positions, yields quickly reversed, and continued to decline after weaker US data released later.
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< p > > a href= "http://www.91se91.com/news/index_cj.asp" > US dollar < /a > went down with the US bond yields after the New York period. It is clear that on Thursday, the global stock market and stock market bond market once again showed a similar trend, and the correlation became the most important aspect of the market.
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< p > > strong > a href= "http://www.91se91.com/news/index_cj.asp" > exchange rate < /a > will continue to be "/strong > /p".
< p > during the continuous rise of the euro, many Federal Reserve officials including the Federal Reserve Chairman Yellen suppressed the anticipation of raising interest rates ahead of time. Yellen made six months' comments at the first press conference, but she soon realized that this was very immature. Since then, the word has not been mentioned and on the contrary, efforts have been made to suppress interest rate hikes.
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Yellen, chairman of the Federal Reserve, did not comment on the prospects of monetary policy in the speech prepared by the national small business week in early morning, so P did not cause market volatility.
Yellen said that the Federal Reserve is trying to make the financial environment more relaxed, and pointed out that the United States needs to further realize the healthy development of the economy.
She also said labour statistics highlighted the role of small businesses in the growth of the US economy.
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"P" for this weekend, investors need to focus on the two major risk events next week when they are taking risks.
The two major risk events are related to elections.
First, the Ukraine general election, which is most concerned by the market, will be held next Sunday (May 25th).
The other is parliamentary elections to be held by the European Parliament in from May 22nd to 25th.
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In 2014, the European Parliament elections will be held in from May 22nd to 25th, P.
According to the survey, the EU's supporters are slowly rising, but most people are still pessimistic about the European economy and complain that Brussels does not care about their demands.
In addition, most Europeans believe that immigrants will bring a heavier burden to the depressed economy.
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< p > this election will determine the direction of the EU in the next 5 years or even longer. The continued downturn in the economy and the high unemployment rate will make the European Union unable to shake off the crisis of confidence. The 22 day parliamentary vote rate will once again give credit to the EU.
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In the recent speech, chairman Yellen of the p a href= "http://www.91se91.com/news/index_cj.asp" > the Federal Reserve "/a" has been maintaining such a position that the interest rate will not be raised soon, and the bond market seems to have accepted the signal, and the US bond yields continue to decline.
At the May 15th Annual Meeting of the national small business week of the American Chamber of Commerce, she said that the Federal Reserve is trying to make financial market more adaptable, but there are still many things that the United States needs to do to get a healthy economy.
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Delaki, President of the European Central Bank, said at the press conference last week that he was ready to take action in June. Many economists expect that the internal inflation expectations of the European Central Bank will be lowered, which will create possibilities for the central bank to take further stimulus measures such as quantitative easing or interest rate cuts.
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< p > today the market will enter the last trading day of this week. In terms of economic data, the two US housing data and the University of Michigan consumer confidence index are probably few.
In addition, Brad, chairman of the US Federal Reserve of Saint Louis, will deliver a speech on the US economy and monetary policy at an event organized by the Arkansas Bankers Association in the evening. It is also worth investors' attention.
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