The Dollar Can Go Up Unless FED Warns The Exchange Rate.

The US dollar index fell sharply on Wednesday (May 27th), but overall remained strong.

The US dollar / yen is still trading near the eight year high, due to a series of optimistic economic data in the US.

The possibility.

Traders said that after the US dollar / yen lifted the key resistance level near the high 122.04 in March, the loss of buying was triggered.

(FED) President Yellen said in a speech last Friday that this year may be possible.

But the tightening process will depend on the quality of economic data.

Therefore, after an economic index of the US core enterprise expenditure plan was raised in April, the US dollar's rise was not surprising.

Osao Iizuka, chief foreign exchange trader at Sumitomo trust and banking in Tokyo, said that after the speech of Yellen, the US dollar was supported.

The market will test the uplink of the dollar, unless Fed officials warn of the excessive rise in the US dollar.

On other data in the US, consumer confidence rose in May, and sales of new homes rose sharply last month.

Emma Lawson, senior foreign currency analyst at the National Bank of Australia, pointed out: "these data are not too amazing, but they are enough to rekindle the hope that the United States may raise interest rates this year."

Strangely, the yield of US Treasury bonds has declined in the medium and long term.

Analysts pointed out that the yield may be depressed by capital seeking refuge, and the fear of Greece's debt default has triggered the risk aversion to a certain extent.

Informed officials say the United States may press Europe this week at the finance ministers' meeting of the group of seven (G7) in Germany to ask Greece to reach an agreement to change funds with Greece.

G7 finance ministers will meet in Dresden, Germany, on Thursday and Friday.

Beijing time 14:25 on May 27th, the US dollar index was 96.97, and the US dollar / yen was 122.94/96.

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On Friday, the world's second largest luxury group, Compagnie Financi re Richemont SA (CFR.VX), announced that its share price jumped more than 3% after its first profit decline in five years, and it closed down 85.95 Swiss francs, or 1.04%, for Monday, due to public holidays.

In the 2015 fiscal year earnings conference, Johann Rupert Rupert, chairman of the Richemont SA group, said that the two categories of watches and luxury handbags are particularly vulnerable, which seems to be an excellent excuse for the decline of the group's watches and handbags in the 2015 fiscal year.

By the end of March 31, 2015, the revenues of clocks and handbags of Richemont SA & amp; E group recorded a decline of 2% and 7% to 5 billion 168 million euros and 610 million euros respectively. However, thanks to the weakening of the euro, the category of watches and clocks actually increased by 0.8%, and the category of leather goods still had a 5.3% decline.

The profits of Richemont SA during the 5 fiscal year ended March 31, 2015.

According to the earnings report of Richemont SA, Johann Rupert's comments seem correct, but if we compare the financial data of the other two luxury groups, Kering SA KER.PA (KER.PA) Kai Yun group and LVMH Mo t t Hennessy T, MOET & CHANDON, Hennessy LV group, the statement is not correct or partly correct, because the clock is more fragile than the luxury handbag.

Richemont SA, the company's leather business data is ugly because fashion and leather goods are not the core business of the group, but rather the business that the group has always wanted to divestiture.

By the end of December 2014, the revenue of LVMH fashion and leather goods department increased by 10% and organic growth by 3%. In the same period, the income of luxury goods department of Kering SA group opened up 6%, and organic growth also reached 4.9%.