皇冠体育寻求亚洲战略合作伙伴,皇冠代理招募中,皇冠平台开放会员注册、充值、提现、电脑版下载、APP下载。

首页社会正文

ANALYSIS-As US$ roars higher, few dare to stand in its way

admin2022-09-249

欧博官网www.aLLbet8.vip)是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。

The dollar is up about 13% this year to a two-decade high against a basket of peers and is on pace for its best year since 1997, lifted by a hawkish Federal Reserve and investors seeking a haven from global economic uncertainty. Its steady climb has rippled through markets, helping push the euro to its lowest level in more than two decades

NEW YORK: An epic rally in the dollar has investors wondering how much further it can run, though many are biding their time before turning bearish on the U.S. currency.

The dollar is up about 13% this year to a two-decade high against a basket of peers and is on pace for its best year since 1997, lifted by a hawkish Federal Reserve and investors seeking a haven from global economic uncertainty.

Its steady climb has rippled through markets, helping push the euro to its lowest level in more than two decades and weighing on the earnings of U.S. corporations such as Microsoft MSFT.O and BlackRock BLK.N.

The extent of the dollar's strength has taken markets by surprise.

A model used by BoFA Global Research comparing macroeconomic fundamentals in different economies, for example, last month showed the dollar was overvalued against the currency of every G10 country. Moreover, history shows that while the greenback tends to strengthen before a Fed hiking cycle, it begins to fall soon after, a pattern it has so far deviated from. Read full story

,

免费足球贴士www.hgbbs.vip)是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的免费足球贴士网。

,

Still, the dollar’s momentum has made investors hesitant to stand in its way.

"Almost any currency looks attractive compared to the dollar on a longer-term basis, but investors have to ask themselves... what happens if you put on a position and the dollar keeps on strengthening?" said Brian Rose, senior economist at UBS Global Wealth Management.

Though recession worries have flared in the U.S. as the Fed tightens monetary policy, the outlook for many other economies appears even gloomier, increasing the dollar’s allure. A potential energy crunch in the euro zone, for example, has investors doubting the European Central Bank can raise rates far without hurting growth. Read full story

"One cannot have a weak USD (dollar) without a strong EUR (euro), and right now, the latter is in the midst of a structural shift that will be incredibly painful," analysts at TD Securities wrote. They believe the euro could fall as low as $0.85, after breaching $1.00 this week for the first time in 20 years.

Meanwhile, the Fed has raised interest rates faster than expected in an effort to tame inflation, putting yields in the U.S. higher than those in many developed countries. Higher rates make the dollar more attractive to investors.

That gap may narrow as other central banks accelerate their own monetary policy tightening. The Bank of Canada raised rates by 100 basis points on Wednesday -- though this week’s blistering U.S. inflation reading has bolstered expectations for a similar move from the Fed.

网友评论

2条评论
  • 2022-09-22 21:31:38

    高雄阳信则成为除了花莲之外,木兰联赛复赛后唯一保持不败的队伍,昨靠李绣琴梅开二度与杨雅涵连3场破门,于主场3比0完胜航源。阳信在复赛后缴出2胜1和佳绩,积分10分紧追领先集团,只落后第2名的蓝鲸3分。来逛逛了

热门标签